I think that taking the pickaxe out of the formula is a great idea, then you could get it early game when the minions are still enough of a pain that you might need the cleaving effect.

I agree with removing the pick axe. Since farming is so easy with hero skills, by the time you can get this item, it is no longer useful.

I think it needs to be cheaper like Madred's Razor, which is a much better farming tool. Combined with lifesteal, and heroes like Trynd and Yi will never need to leave a lane, as you lifesteal off of the +500 dmg procs.

Just my 2 cents, a 1000g item, which you can get pretty early on, is half the cost of tiamat, and pays itself off just as quickly. I've soloed Dragon using Madred's + Lifesteal.

I was wondering if anyone had tried Tiamat on Kayle? I'm getting into her and I thought that maybe the splash would stack with her ranged stance, making farming easier for her, since it's pretty tough till she gets either Sunfire cape or Atama's.