I've been doing this with a new character who doesn't use enchanted/smithed weapons and rapidly switching between a shield / dual wield. What I found is that if you hold the block button (normally right-click on PC) and then hit the hotkey to get your second weapon out the second weapon will now be in blocking mode and will block enemy attacks. The only difference between this style of blocking and shield/two-handed blocking is you can't bash and instead perform a swipe or power swipe.
I havn't checked other means to perform this such as if you bring up the favourite weapons and do switches that way if it will allow blocking in dual wield if someone else wants to check.
TL;DR
- Hotkey identical non-upgraded one-handed weapons to one key
- Hotkey a shield
- While holding a shield go into block mode and hold it
- While in block mode use weapon hotkey to bring out other weapon
- You are now blocking while dual wielding