This is literally the result is you level just Smithing and Enchant. Everything else is fine.
At the end result of Smithing and Enchanting, you'll have the exact same thing. They give way too much power.
Try maxing on purpose 1-handed. Or Archery. Or Destruction. You will still be relatively balanced.
Now max Smithing or Enchanting. You are broken beyond belief. That's just the nature of Smithing/Enchant. Alchemy too, if you feel like it.
Too many conversions are available for Melee Characters.
What the OP video showcases is no different than this:
http://www.youtube.com/watch?v=T_fFApDyki4
It's power leveling for the purpose of breaking the game, and then complaining when the game is broken. Level Enchanting and Smithing at a natural rate, and this doesn't happen and the game is balanced.