I don't know about the future evolution of the human species...I feel like we have been at the stage of evolution that we are at and there are only very minor changes that scientists have noticed in the human body. (Some people, myself for example, don't get wisdom teeth etc.)
I don't think men will evolve out of facial hair because some races don't have it already- Native Americans for example do not grow facial hair. As that "evolution" has already occurred in that race, it would be my personal assumption that it would have also already occurred in other races if it was going to.
I don't think we will ever evolve away from pubic hair. The reason is that pubic hair actually serves a viable biological function even today. Pubic hair works like nose hair. It traps dirt, particles, anything that we wouldn't want getting into our sex organs, out. (Especially in females). I know that many people shave, wax etc. in the United States, Europe, and more affluent areas. However, in parts of the world where hygiene is not at the same standards, pubic hair plays a large role in fighting infections. It is my guess that we don't grow pubic hair until we reach puberty because those organs are not formed enough to really be at risk of detrimental infection, but that last part is just a guess.