I actually like the halflings. proportionately large heads and shorter limbs is a look they have had before, it's not too dissimilar.\\
Dwarves, yeah. Some beard variety would be nice. I have hope in this department-we know more customization is coming.
Half Orcs...I'm happy to see them, but they look like Oblivion orcs.
Elves. Still disappointing. Don't expect it to change. Perhaps some enterprising modder could fix them up, but more people seem fixated on creating their perfect elven waifu than on making them look lore-accurate, because that would make them less conventionally attractive, even if it did mean they looked like something other than pointy-eared humans.