Yep, it certainly is. It was nerfed to death by Funcom. Despite a large volume of pleas urging them not, and then to readjust is back upwards after the fact, it was of course ignored.
It was once a feisable weapon for players and thralls, but now it is trash. Years of researching lore, and lobbying by myself and the playerbase to finally get some Crom items included in the game, and now they both suck, especially the Sword of Crom. Sad-Face.