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Sekhmet: as can be read in the quote:
In the case of weapons, this lighter weight does not change a weapon’s size category or the ease with which it can be wielded (whether it is light, one-handed, or two-handed)."
(emphasis mine)
So getting a mithral version would not change it into a 'light' weapon for the purpose of shield bashes.
What would be the advantage, then, of getting a mithral shield?
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StreamOfTheSky:
Good point about the weapon enhancement.
I'm currently considering:
-Masterwork Dwarven Waraxe (330)
-Spiked Bashing Shield (for 2d6+1+ 1/2 STR dmg) (+3310)
-Ring of Protection/Amulet of Natural Armor (2000)
However, the DM has hinted at the difficulty of obtaining mithral. It's available NOW, but may not be available later in the campaign.
I'm going to try and get him to give a more direct answer about that, but if it's really a now-or-never issue I think I'm going for:
-Mithral Breastplate (4200)
-Masterwork Dwarven Waraxe(330)
-Masterwork(spikes) Spiked Shield(310)
With, if I happen to be able to pay for it (still waiting for the exact amount I will be able to spend), an additional +1 on the breastplate.