You maybe have misread something, so I'll summarize in clearer language:
Attacking at twice the normal rate (this happens at 50% Haste) results in twice as much damage. You can weapon skill twice as frequently as well.
Attacking at five times the normal rate (this happens at 80% Haste) results in five times as much damage. You can weapon skill five times as frequently as well.
As you can see, the increase is not linear. Because of how the equation works, Haste becomes significantly more awesome as the value increases.
Even though it's difficult to eyeball the effect of small amounts of Haste, since it has no effect on the damage of each individual hit, it is often the most helpful buff for any brave soul hitting a thing with a thing.
Little Red Riding Hood and the Big Bad Wolf lived happily ever after, even though some old dude on FOX News called their marriage an abomination.
~THE END~



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