Not trying to influence, do what you want, but I say no, and I wish I had less hair on my legs. If I ever did swimming or biking, needed to be aerodynamic, every micro-section of me, sure I guess, but otherwise, I'll keep my built-in socks.
Do what you want guys, but I can't back you up on it. Doesn't seem quite right, but that's just me.
EDIT: It's disturbing how many guys around here DO shave. When a kid from school was wearing a tanktop and raised his arms, I thought it was weird as hell that there was nothing there. And all the guys that wear shorts are either blond, thin haired, or shavers... Other than my buddy Alex; blonde, but hairy legs, and don't give a damn 'bout wearin' shorts. Chalk one more for manly-ness.