Not wanting to hijack this thread but maybe it fits into discussion: yesterday connary announced the release of his compendium texture replacer (at least everything he has finished yet) hopefully including his vanilla weapon retextures.
Having a look at connary's retextures of some of the unique weapons could be of some interest here (WARNING! CONTAINS SPOILERS)
http://img516.imageshack.us/i/goldbrandza8.jpg/
http://img526.imageshack.us/i/eltonbrandaj3.jpg/
http://img518.imageshack.us/i/chrysameresy9.jpg/
http://img509.imageshack.us/i/merrazorhv6.jpg/
(click images to enlarge)
Those are quite old screenshots and hence could look completely different in the upcoming release, but nervertheless they are absolutely awesome (imho).
The vanilla meshes are so bad and outdated that even Connary's textures won't save them. As Plangkye said, Chrysamere was already released by Oriphier with (excellent) new mesh and textures - the old one truly resembles one of the wooden swords I was making when I was 5, it's blocky and awfully composed, a stick with a cross, not a sword in the least. Plangkye also released a couple of very nice daggers (namely Mehrunes' Razor and Dagger of Symmachus) - if people like them are working on new meshes to update the outdated visuals of the game, please don't try to hinder, but rather encourage and motivate them.
So, Plangkye, thank you for your work so far and I'm sure the final result (especially when mixed in with Phijama's art) will be outstanding!