Well, considering my Khajiit Brawler's claws make his fists do more damage than Daedric Warhammers, yeah...they're pretty cool. That's without enchantments too.
I mean damn, he's level 10 right now and doing 32 damage with the crappiest heavy armor gauntlets I could find.
And fists have the BEST killcams. One is a "hulk smash" where you pick up the bandit by the neck, punch him in the face, and then smash him into the ground. This battlecat juggernaut is more fierce than a werewolf.