I would love to change my Dark Elf to an Orc. I would gladly pay 50$ as well. I do think there should be restrictions on the changes. With the patch coming up and class diversification I don't think you should be allowed to change to a dwarf for instance. That being said I would love to see this option in the near future.
I believe there were 2 or 3 topics like this before, none of the less I fully support this function. It's purely asthetic now with the changes coming to racial skills in Lindvoir so I don't see why it wouldn't work out.
I guess this option may be helpfull just with Lindvior...'cause if is true that you wont change your appeareance when changin class...it's gonna be a mess.
For example we may have dark elfs becoming white elf class...as far as it was a sub was fine , but will be a mess if (for example) we've 5 hero feohs and all of them are dark elfs with different feoh class...wont be bad to put it on just for the 1-2 weeks after lindvior update so you may choose to make fit ur race with ur class...just saying :p