FWIW, I'm exclusively lesbian and so is my mate - and we both have issues with body hair, and prefer feminine women. But we do like to joke about "lesbianish" actors that we wouldn't kick out of bed - and Johnny Depp and Orlando Bloom both make our top 5 list of "guys we'd play with, as long as they've waxed their chests and legs beforehand".
For that matter, I like some butch women, and I think a lot of drag kings are sexy. I think a lot of trans girls are sexy too.
On the other hand, drag queens do nothing for me, and I don't know any men in real life to whom I'm even remotely attracted. The only people I've ever met in normal life that actually turned me on were other women. Orlando Bloom is cute, but the person in the LOTR that I *really* like is Liv Tyler, and as nice as Johnny and Orlando are in the Pirates movies, I'm afraid they have to take a back seat to Keira Knightley. Antonio Banderas is welcome to come to our house to read poetry (or the phone book - I don't really care what he reads, I just want to hear his beautiful voice with that lovely accent) - but he has to keep his clothes on. So there are limits to my flexibility...