You just explained what the guy you replied to said. Vayne's Q atm goes down to a 2 sec cd with no cdr.
This buff, at the minimum, will place it on a 1 second cooldown starting at level 9. If you have 1.00 attack speed, every auto can be a Q, and every Q gives you invisibility + dash + extra damage.
With 40% cdr, it will go down to 0.6 sec cd. Meaning if you get above 1.00 attack speed, you can still keep up with this. Triforce vayne may become a thing.
So technically it's not perma invisibility, but it's like fighting akali with an nonstatic location of shroud (vayne is the shroud), while also being able to 3 shot you from a safe distance.
Tl;dr
It's a fucking stupid ass buff
Tl;dr (Edit)
Actually it's basically like fighting kalista except you can't build against it and she goes invisible on every auto