I know there are alot of opinions on this, but my SO (male) and I were talking about this once, and he said it is a real pain being circumsized because every time anything rubs against him (I mean like his pants) he says it 'bothers' him.
From a female perspective, I can't imagine the distraction it would be to have my clit (sorry to be graphic) right up against my pants without any protection. It's bad enough when my pants are in the wrong position. So from this perspective, if that's how it feels to be a circumsized guy (as my SO says it is), I wouldn't want to do to my baby boy if I ever had one.