I like how you stuck Cheatyface in the sideboard. :p
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A more modern take on legacy goblins, I like it. I used to run goblins before I quit not long after kamigawa. I started back a few months ago and this is my new goblin deck. http://www.mtgvault.com/ViewDeck.aspx?DeckID=236532
I like how everyone keeps commenting on how you "can't" equip your phantasmals. I like your idea, really awesome, but risky, but cool idea bro.
Is this like a deck you use for fun, or do you go to shops and stuff and play?
I would love to add those, but I just have no room, lol. The war strike sounds ideal, but those goblins are going straight to the graveyard and coming right back. It'd be great if it was tribal.
I would drop the arsonist and replace him with Mogg fanatic, his functionality is much better. Also drop two instigators, their going to always be the main target. Id also drop one chieften and fill those three. Spots with boggart shenanigans. As far as sideboard goes id put in at least two Raid bombardments, and four mudbutton torchrunners.