Not anymore. Now it reduces melee cooldown instead of increasing melee attack speed. Why would you change this perk, Bungie? Now switchblade, the only perk that increases melee attack speed for hunters, doesn't do what it was designed to do, but warlocks and titans still have their increased melee attack speed perks (Snap Discharge and Rain Blows, respectively). Ridiculous to nerf one class but not the others. Makes swordbearing just that little bit trickier since The Taken King dropped.