It can depend on the guy, but I'm answering for my current guy, who isn't out of control with his hair...I like natural. I like being shaved completely (smooth and slick feels good!), but I'm turned on by male body hair. Like, not necessarily a ton of it, but I love men with hair on their chests, and hair down there...I don't even mind hair on a shapely butt. What can I say? It's very masculine to me, and I just love the feel of it against my smooth, feminine body. It's nice.
I had an ex who shaved...I didn't like it. I missed that manly body hair.