I'll go against the grain, since so few have so far. I like elves. I don't go for "der uber elves", but I like elves a lot. Elves in my world are perfectly capable of growing beards, and when it's inconvenient to tend them (on long trecks, or during particularly long and arduous adventures, for example) it's not uncommon for an elf to begin to develop one. Their facial hair grows a bit slower than humans', so it does take longer for their beards to grow in, and most elves keep themselves cleanshaven when in civilized locales just because of social norm.
But my oldest character, the one closest to my heart, is an elvan ranger. And he regularly sports either a goatee or a full beard. He spends too much time travelling to worry about tending it, and it makes it easier for humans to relate to him. He's grown rather used to it, too.
But I've never been fond of the metrosexual, androgynous, effete and uber elves that tend to be pushed on us by those those who want to recreate the semi-divine Tolkienesque superelves.