I'll be honest, the Vulpera seem damn-near broken (*eight* additional pack slots?!), but those kinds of racials are a lot more fun.
1% fire resist? Nobody gives a shit. What might be kind of a cool replacement? Maybe your character lights up when taking fire damage instead.
Another example might be the Lightforged Draenei; literally nobody gives a shit about extra xp from killing Demons. But what if there was some crazy visual effect when killing a demon? Or hell, maybe killing a demon would instantly recover your health/resource (provided you weren't still in combat)?
Visual and even some Convenience racials are fun, especially when they show off a bit of each race's culture. Numerical stat increases aren't fun, and just lead to pointless bitching.
Now admittedly, I struggle to think of any "fun" examples for Humans.
But otherwise, I'd totally welcome Blizzard ditching "power" racials in favor of fun "flavor" racials.
What do you guys think? Moreover, what kinds of examples could you come up with various races?