The design of the axe is cool, and I like the idea of an axe "sharp enough to cut through a god."
But as it is, it svcks. If you wanna make the axe slower, fine, but at least balance it out with something! Give it a bonus critical chance. Make it do more damage. Give it a Damage Health enchantment, or give it something to make it stronger against beasts (it was created to kill a werewolf, after all, and then later to kill a Daedric entity in canine form).
But it svcks.
What's worse, all the mods for it are ridiculous, making it twice as fast as a battleaxe and giving an absorb health enchantment with soul trap. Or a paralyze enchantment.
The one mod that looked promising added a perk that let you improve items like leather and iron; basically anything not covered by the other perks. But it's too buggy.
Please, Bethesda, next patch, do something about this awful axe!