Made a huge thread about this very thing long time ago back in 2.0

I did get a response from them back then, it was not a full stop "no". But it wasn't a yes either. SHOW SUPPORT FOR THIS I'D STILL LIKE TO HAVE IT!
Quote Originally Posted by Grekumah View Post
We're looking into this, but body hair would be a completely new element, and there is a possibility that it would affect some gear designs. We expect adding body hair will take a lot of work, so for now we'd like to prioritize adding new hairstyles that are being requested.

http://forum.square-enix.com/ffxiv/t...air-for-males.