Speaking as someone who loves having lots of race choices because they make such great tools for a DM who enjoys building their own homebrew worlds, I find 5e's listlessness in producing races very disappointing.
Speaking as a player who saw how races were handled as one of your more significant character choices in 4e, starting with a strong, well-designed racial format and going from strength to strength with the addition of flavorful racial feats, utility powers, paragon paths and epic destinies, I couldn't be more infuriated with this design team. It is a huge step backwards from one of the stronger elements of 4th edition, and adds to my increasing feeling of having been cheated by the switch from 4th edition to 5th.
I thought the evolution of D&D was a continual chain of improvement from Basic up until 4th. Then we got Essentials, and my confidence dipped. And now 5th edition is really shaking up my confidence.
I want to like this edition for the legitimate efforts at doing interesting things - crossing over D&D with Magic the Gathering, creating the most powerful necromancer-wizard since AD&D's Undead Master Kit. But I can't focus on the things I enjoy when so much of what they do seems to be half-cocked. To be honest, a growing part of me is waiting for the day this team gets canned and we see a 6th Edition launched, because I'm hoping that team will try and go back to some of 4e's innovations.