Formula for single hit damage

[vor_lord]

Given the overwhelming bias in favor of slower weapons, I can't see this being a good reason.  Right now, slow = good on a mainhand or 2-handed weapon.  There is little incentive to use the faster ones.
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I'd agree that the strategy has failed to a certain degree, but I'm nearly certain this was the intent. With straight damage, odds would be overwhelmingly in favor of faster weapons.

I think Blizzard is trying to address this somewhat. The new Bloodthirst talent means they are at least thinking about it.