I personally feel that the chopped look isn't aesthetically balanced. It looks... well, too short. There is too much space between the seat and the tire, and the lines of the bike stop short, leaving the rest of the bike just "out there." It's just my opinion, and it may change, as I've noticed it has for a few of you here.
I can completely appreciate those of you who have made the conversion, though, because I don't really like the stock rear end, either. But for the difficulty of the mod and the level of satisfaction I would get, I'm not going to do it.
Until I can envision some sort of middle ground, the back end stays.
I wonder if it would be possible to reshape the existing fender....