I just kind of find it frustrating. No matter how long I take my character always ends up looking lopsided and goofy. I usually just end up hitting random for a couple of minutes until i find something I like.
Now I'm not saying we should get rid of it altogether. I'm just proposing they implement a simpler way of making a character.
Like if you wanted to change your nose, instead of making you toy with a bunch of sliders, the game gives you a bunch of different, pre-made noses. They'd have a Small Nose, Button Nose, Crooked Nose, and so on. Pretty sure they could give them better names, like how they name the hair styles in Fallout. I'd much rather use a system like that to make my own character. Just mix and match stuff until I find the right combination.
Again, I'd make this optional. You can still use the sliders if you want.