I've had laser treatments on my face for exfoliation. It felt a bit like little pin pricks as the light flashed. My guess would be that the pricks would feel more intense "down there." (Don't even go there with the silly comebacks!)

It seems that I've also seen that the cost for laser hair removal is between $1000 & $1500. That price could be for legs, so it would be interesting to find out for sure.