I've always found that pubic hair on women gave the pussy an individual look. Different coloring, different texture, different hair patterns, different amounts...some curlier than others depending on ethnicity, etc.
A shaved pussy is a boring pussy. It pretty much makes the damn things all look the same. And exposed, without any hair to frame them, they're often just not all that magnificent to look at... on their own, certainly not as impressive looking as a cock. (Though women have boobies, which are probably the most fun to look at of everything.)
Imagine if every woman shaved off the hair on her head, or at least trimmed it into a nice neat crew cut. How uniform and boring would that be? Total lack of variety. Unfortunately, that's what the pubic hair removal industry has done to the beautiful female pubic area.