Mmm; it is rather overused, isn’t it? On the other hand, for most of those Pokémon, it would make no sense at all for them to be vulnerable to Ground attacks. What’s more, Levitate is one of the better abilities out there (immunity to Earthquake, Spikes and Toxic Spikes? Yes please!). I think Levitate is probably one of the better arguments for allowing Pokémon to have two of their possible abilities at once. As it stands, though… well, no, I honestly wouldn’t want to take it away from them!
