For now it will most likely be used in a "Yang Zing" Deck, since those are basically the the only usable Wyrm-Type monsters. Futhermore, due to the speed at which "Yang Zing" monsters can fill up the Graveyard, this card can easily be Special Summoned mid and late-game, maybe even early game (a Synchro Summon with "Yang Zing" only monsters, your opponent destroyed 2 of your monsters last turn). Not to mention the fact that all "Yang Zing" monsters replace themselves when destroyed, so you can even Tribute Summon it if the need arises (though I wonder when that will be the case).
As has already been said, in most cases you would rather have your "Yang Zing" monsters destroyed; but there is a Wyrm-Type monster you might want to protect: "Yazi, Wickedness of Yang Zing". It already has targeting protection, and based on the Synchro Materials, can be protected against Spell and/or Trap cards as well as battle. This card can protect that monster in the odd case your opponent would destroy it with a non-targeting monster effect. Also, due to this card destroying itself, "Yang Zing Creation" can replace it when it protects one of your Wyrm-Types.
But enough about "Yang Zing". From the few other Wyrm-support cards (as well as their names), we can infer that they are somewhat related to Dragon-Type monsters. I am refering to "Xyz-Ray Pierce" and "Dracocension". These might, however, be the only cards that relate Dragons to Wyrms; but I have a feeling it becomes more of a Fish, Sea Serpent, and/or Aqua relation, but only time will tell. Either way, you might want to include Dragon-Type monters in its effect; either for its summoning, protection or both (though the latter 2 might be pushing it).
Due to this card having 1600 DEF (why not 1510), "Unmasked Dragon" cannot Special Summon it; quite a shame, but maybe it is better that way. Lastly you can treat your monsters as Wyrm-Types with "DNA Surgery" or "Spring of Dragon Souls", so this card can protect any monster you control. In case of the latter this card can protect the Special Summoned monter when "Spring of the Dragon Souls" is removed from the field.
Even with all the above, I cannot really give a real indication for how strong or weak this card is; just because we do not yet have a lot Wyrm-Type monsters. Though I do think that this card is alright as it is, since I don't expect Yu-Gi-Oh! to release a card that combos far too well with this card.
Though I could not really give you any suggestions to improve this card, I do hope you have some usage for my vision on it.