The axe has ~80 higher base damage, roughly the same strength scaling along with moderate dex scaling. The bonus damage from enchanting would only be relevant against bosses, however against most endgame bosses I feel even with an enchantment the Axe still has higher dps due to it's attack speed...
Best advice:
Start as a pyromancer with the master key (Pyromancers have the easiest first few levels)
As soon as you reach Firelink Shrine take the lift down to New Londo, turn right once you're down there to the other stone structure, it has a locked door that can be opened with the master...
I only buy games so often, when all is said and done, a $10 price increase is chicken feed unless you're buying more then a game per month.
I'm happy to pay that bit extra for a game I know will be good.
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