Employing the nonperturbative numerical renormalization group method, we study the dynamics of the spin-boson model, which describes a two-level system coupled to a bosonic bath with a spectral density J(ω) ωs. We show that, in contrast with the case of Ohmic damping, the delocalized phase of the sub-Ohmic model cannot be characterized by a single energy scale only, due to the presence of a nontrivial quantum phase transition. In the strongly sub-Ohmic regime, 1, weakly damped coherent oscillations on short time scales are possible even in the localized phase-this is of crucial relevance, e.g., for qubits subject to electromagnetic noise.