It's great......chicks love it, you're never too warm down there, and you have that always clean and refreshed feeling. The first couple times you do it, it'll be a bit uncomfortable when it grows back, but once you do it on a regular basis (I do mine weekly), it feels GRRRRRRREAT. Wish the women I date would do the same for me.
Make sure that once you do it (whatever method) you keep at it. Nothing worse than cod sack stubble. I say Nair is the best to use, especially down there.