In short I say yes, but it's a lot more complex than most people realise. You'll have to get people fairly desensitised first due to centuries of "modesty", which alone can take a while. I don't think the sexual element of breasts will ever be removed, but you'll get bored of seeing them when every bint has them out.
Not sure about willies though, I don't want people to know whether I'm turned on or not by looking at my winking willow.