This is the best idea I've seen all week. It disarms you without the risk of losing your weapon to a hungry floor mesh and forces you to either use a back-up or resort to some crude draugr weapon lying on the floor.

There's a mod that decreases player character shout cooldowns to match dragon shout cooldowns.

It's not perfect (there was a scripted final fight against Alduin the end of the main quest where the timings in the script match the original shout cooldowns, and it's disconcerting with the faster cooldowns), but it is an alternative.

I was wondering why not just have the disarm shout effectively cast a spell on the weapon held? If you can enchant weapons..this should be possible. Basically give the weapon a temporary enchantment like making weigh 80 lbs so it swings slow as molasses or just one that reduces the damage to basically zero for the duration. If possible this means no weapon searching, no weapon losing and no weapon re-hotkeying.

In Oblivion, you could not have more than one enchantment on a weapon, and changing the enchantment it had would change that enchantment for every weapon that had it. Furthermore, enchantments don't have durations, which would mean, what, you permanently disable a weapon? That's more-or-less exactly the effect we're trying to get rid of.

(this comment is NDA-safe because I haven't yet checked if any of this is still true in Skyrim... doing that now...)

Still think this is clearly the best way of doing it - http://www.youtube.com/watch?v=IEJbk7zrxs0&feature=related

-Snarky Edit- How possible would it be to mod it so that Boba Fett appears all nonchalant behind each Draugr deathlord as he yells a Disarm shout?

Stealing the weapon instantaneously is pretty easy. Getting it to fly across the room seems harder. I'll look into it, since I'm not entirely satisfied with my current solution.

And no, I can't release anything (I checked).

To be fair I didn't really expect to see it fly across the room, I know how tricky that would be to achieve (Well for me at least, not so much for you). In my head I just imagined some of your standard screen effects, perhaps even have the "bound" spell effect play for an instant as the weapons are unequipped from you and maybe equipped by the Draugr. My train of thought also wonders if it's right that the Draugr would choose your weapon over his? If your weapon is stronger would he naturally use it? If it's a weaker weapon than his would his malice make him use it anyway, to humiliate you? If he did use your weapon it would now allow you maybe to disarm him and retrieve it, or would it be best if it just stayed in their inventory/ maybe even a random chance for both. I really need to structure my ramblings.

I believe the cause for this is not so much the shout or spell but the physics simulation of the game. When I started the quest for Japhet's Folly and later left the tower did it blow my followers across the entire scenery. My house-carl smacked down on an ice floe down at the boats and my dog had just disappeared. I think that the simulation is way too strong in some cases.