I don't see why you call her unplayable, I'm a Silver scrub who doesn't play seriously nor play Ranked, and the last few games since about last night I went with Miss Fortune are:
22 - 4
20 - 6
25 - 8
8 - 5
23 - 3
21 - 3
Feel free to look at my match history, yes there were Gold and Platinum players throughout these games as well on the enemy team. If a casual like me can play Miss Fortune, and play her extremely well, I don't see a reason to call her unplayable and I don't see much logic in your "buffs". To be honest, changing her entire kit to Physical Damage would be a big nerf to her. She's very difficult to counter due to the fact that if you build Armor, she'll still do damage, if you build Magic Resist, she'll still do damage. If you build something like Armor against Caitlyn or Ashe for example, you'd counter them so much more than Miss Fortune.
Also, they decreased the cooldown of her Impure Shots. It's not the same as increasing the duration, however It's still awesome.
By the way, as for her scaling, the scaling makes it decent to get stuff like Gunblade on her. It's not recommended, but if you just wanna have fun then go for it. If you built something like Gunblade on Draven or Vayne, it would be useless since they can't benefit from the Spellvamp or Ability Power. Her AD scaling is basically doubled, so I don't see a reason to kill off-meta builds or AP Miss Fortune.