Actually, that is just DPS for the weapon itself, and is only part of the equation for DPS.

STR, DEX and INT also affect DPS.

The formula is DPS = 9.55 + (STR x 0.0167) + ((DEX-1) x 0.125) + ((INT-6) x 0.067) + (Damage from equips / weapon speed)

See section II of Physiologic's Advanced Mechanics thread at http://www.spacetimestudios.com/show...-DPS-Crits-etc.