Hey All
HairLossTalk.com - as has most likely been said somewhere in this post before, Laser treatment is the way to go. I can't be bothered reading the whole post.
Like you, I did NOT want to remove my chest hair, I merely wanted to REDUCE the... errr.... thickness of it (I was hairy... like Animal).
As most likely has been said, Laser treatment takes at least 4 and up to 10 to get you completely "bald". I have had 3 treatments on my chest, and now have it to a stage that I am comfortable with - still hairy, but much finer and more amenable to the opposite sex!
It will be the case that before each treatment they will have to shave your chest down completely in order to use the laser (otherwise the hair shaft absorbs all the energy rather than the follicle), however, this isn't too bad - the treatments are about 2 months apart, and if you do it over winter, you should have a nice, natural looking chest by summer time - with as much hair as you are comfortable with. YOU WON'T BE COMPLETELY BALD!
The laser works best on people with very dark coloured hair, and very light coloured skin. This way the skin pigment does not absorb any energy and the hair follicle receives the brunt of it. As I am a bit of a mongrel, I have black hair, but still fairly dark skin, so the treatments work on me, but are somewhat more painful.
All in all, I would say that the laser treatment option is what you are after HairLossTalk.com, and it's lasted for me for over a year now, with no real change or ill effects. The pain is similar to someone flicking you with a rubber band - didn't bother me much at all, and will probably be less for anyone who is 'white'.
Def