Reducing its speed by 2 and stab damage by 1 was a poor change in my opinion.
First it was buffed, mainly the cut damage on swings and 0 slot.
To be honest I would prefer its old stats over the new ones, it completely changes the weapon sadly. (I mean pre buff stats, no increased cut damage with the original speed and pierce damage on it.)
In it's current state I will be trading it for the short arming sword most likely.
I don't mean this to be an attack on the balancing team for items, but this was a radical change from the weapons original qualities.