If you do decide to wax, make sure you educate yourself on all the risks, including vaginal/labia tears if skin is not held tight enough.
I second the shaving. I have a good friend who likes to get waxed over shaving. I think shaving is just easier and less costly. Good luck if you go for it!
I shave too Its sooooo much easier and with NO PAIN. It does get a little itchy sometimes.
Waxing has one huge drawback: you have to let the hair grow back in each time. I don't wax because I like to be smooth, so I shave every other day or so. That works fine, although I have to admit I always have at least a little stubble.
I have had waxing (down there) done in the past and personally I think it really hurts but only for a few seconds then its ok. I find it depends on who does your waxing some people really hurt and some dont hurt as much. its normally fine afterwards.
I went once to have the whole lot waxed off but changed my mind halfway trough I coudnt bear it any longer so she just left a strip.
Do guys prefer it??? I think it depend on the guy but I guess most would prefer it to a big bush ha ha.