she has 56% winrate at master tier+ and 30% pick rate.
absolutely no one should be fine with vayne in the state she currently is.
however this also presents an opportunity. they can finally add counterplay to her w as a form of a nerf and make her gameplay healthier at the same time.
add a specific win condition that vayne has to fulfill to access her true damage, or turn it into a short windowed active to give her a window of weakness where you can fight her.
they need to change something about her kit that a fight with her isnt decided before you would engage her.
champions like volibear, udyr and garen should be able to approach her in a 1v1 on even terms and have a chance to outplay her in a fight, instead of automatically losing just because her e exists.
i propose:
a) make the knockback on her e only trigger when the wall stun would connect, similar to how
stun works. otherwise make the ability enirely ineffective so she doesnt have a free direct target disengage, but is actually reliant on hitting the thing from the correct angle
b) add a counterplay mechanic to her w. something like "silver bolts gets disabled for 4 seconds, when she takes damage from a champion in melee range". (just an example).
just some form of weakness to the ability, just like
vitals have a realistic potential to be denied by juking her q and general proper positioning.