Nerfed? No, no... he suffers against mobility and anything that can outrange him can basically put him out for the laning phase. He has no closer, he has no CC and he has no forward-dump burst and his damage is almost entirely sustained which means if he can only trickle it in, he's going to suffer bad. Rylai's gives him great sticking power, but his slow is gawky and can be worked around. It also won't stop something that's gotten away in the same way some harder CC could. If he gets nerfed, he'll fall out of the game completely. It's bad enough that both AP and AD now have items that can completely ignore his (180 sec cooldown) ult.
If anything, I'd wait for new runes; if they're going to change oddballs like Karthus who aren't strict meta slaves right now, they'll do it when new runes are out and affecting them. I'd guess meta champs get brushed up and along right now as well as outliers who are under/overperforming egregiously, but they probably don't want to rebalance for these runes, then release S8 runes, and then rebalance for those.
In the mean, enjoy Karthus! You may experience difficulties later in higher-ranked/placed games where mobility-intensive champs tend to be more popular as concurrent with the general meta.