By my reading, this means "if you speak the word 'fire' in Elvish, a flaming weapon is sheathed in fire... the effect remains until you speak the word 'ash' in Elvish." And likewise, "if you speak the word 'lightning' in Dwarvish, a shock weapon is covered in electricity..."
It shouldn't be read as "... the effect remains until you speak any other command word whatsoever".
Because this isn't abuse. Rather, it is the arcane equivalent of power attack. A level-5 Magus (or soulknife) has the choice of making a weapon +2 to hit / +2 damage, or +1 to hit / +4.5 damage (i.e. 1d6+1), or +0 to hit / +7 damage (2d6). In other words, drop to-hit by two points to gain +5 damage, which is pretty much the same returns that power attack gives you. Useful and versatile, certainly, but not at all abusive.Then why doesn't anyone mention abusing the f--k out of this with a soulknife?