i have tried shaving, trimming, depilatory creams and waxing.. and each of them had their issues for me, what i use now is use an epilator. It has it's drawbacks too.. mainly the pain. The first four or five times you use one the pain is nearly unbearable (your mileage may vary), but each time you do it you get a bit less regrowth and what grows back is a finer hair so the pain diminishes a lot. i first started out using a Braun Silk Epil which was top of the line then, but use a Emjoi AP18 now, and any who are interested i suggest start with that. The Emjoi AP18 has almost twice the amount of 'tweezers' and pulls hair in opposite directions so you get a nice taut patch of skin to work on, and there is much less chance of getting 'ouchies'.
The big advantage for me is you only have to do it once every three or four weeks, and you are ABSOLUTELY baby smooth.. no stubble at all. It, like shaving takes a bit of flexibility to go up the backside. i have been doing my whole body now for about six months and love it.