Yep, I got 'em
Fine transparent hairs are scattered about 1/3 of the way up my erect penis, decreasing in numbers and length as they ascend the shaft. Darker and rather long hairs form at the base of the shaft and throughout the region (fore and aft), known in my pants as Man Land.
Now you see 'em, Now you don't
For my own body, I prefer a smooth shaft (and balls and butt) because the denuded skin creates a far more sensitive and sexually hightened or responsive area. I regularly tweeze my shaft and balls (using a denim cock strap to define the hair-free region), and every other month I use Nair hair remover cream on my buttcrack. Remaining crotch hairs get trimmed to about 2".
Comb it, Brush it, Braid it
If I get lazy and allow nature to take its course, these hairs tend to grow rather long and have a tendency to get tangled and knotted and just plain in the way of my shaft (and balls and butt) when involved in sexual playtime. But(t) having said that, I do have great admiration for those men whose genetics produce very beautiful hair patterns in the crotch/ball/butt area, which can push one or two of my sexual "hot buttons" and make me want to jump a lumberjack and ride him through a long winter's night.