Its a fact - Elves are the least powerful race.
Their most serious disadvantage is the -2 Con. If the -2 Con was removed but they kept the +2 Dex, they would almost be balanced with the other races.
But I completely agree with Licho and the rest of the posters here, the worst thing about Elves is that their
Racial Enhancments are really not good enough, and they dont combine in interesting ways with various classes.
I really like a lot of the suggestions that have been written in this thread of how to boost Elf racial enhancements to balance them with the other races. If some of the ideas written here were actually implemented it would make Elves equal to the other races and enjoyable to play again.
I especially like the idea of an Elven Haste Boost enhancment line. Perhaps for both Attack Speed and Movement Speed. I think this is a brilliant idea and perfectly suits Elves as the fast and agile race they are!
For the last couple of months ive been mega frustrated by my Elven Paladin. She has been my main character since i started playing DDO in 2006, and shes always been an Elf. But more and more these days I think of TRing her into a different race, because basically Elves are gimped.
Its clear as daylight that Elves are totally underpowered as a race, and it would be nice to see them buffed in the future, to make them enjoyable to play again, other than just for Role Playing purposes.
P.S. Oh yeah, Hammers as Dwarven Racial weapons is an awsome idea too!