Edit:
I went to play oblivion again, this time I picked up some heavy blunt weapons to use. I was totally disgusted by how fake it felt in my hand (always used short swords). when I swing a warhammer it's like slow motion. in real life that's not how it works. in real life when you swing a heavy object, you can make it go at a pretty high speed (though not as fast as a dagger), but before you make the next swing, you need to take some time to re-balance yourself, put the weapon in starting position, and swing. therefore, to accurately model a heavy weapon, you need to give it a lot of cool down time rather than make the weapon move slowly.