We all know the classic fantasy elf, what you might call the Tolkienesque elf. Immortal (or nearly immortal), in touch with nature, given to frolicking and laughing and living in tree houses and the like. Pointy ears and beautiful. Used to have a vast empire but are currently dying out and/or leaving the mortal world for someplace magical and wondrous that lowly humans can't go. Tend to use lots of bows, be extraordinarily adept with magical stuff and not get along with dwarves.
You know the drill. Most of the elves we've seen in fantasy have been variations of this, with differences to account for setting.
But it has seemed to dawn on a number of writers, extending back for quite some time, that the typical fantasy elf can be goddamn annoying. They get under the skin for the same reason people despise the Mary Sue: anyone or anything, even an entire race, which comes across as the writer trying to force perfectly pure pureness and goodness down your throat tends to create a gag reflex. If a person or a race is good at everything and everyone loves them except for the misinformed or the evil, who typically hate them because of jealousy, then there will be a backlash.
With this in mind, we have seen wild variations of Elf Classic, ranging from Dragon Age and its Jew Elves (no longer the Master Race, now living in ghettos and treated as second class citizens) to Skyrim and its Nazi Elves (pretending to be the master race, hated by everyone) and so on. The subversion of Elf Classic has become almost as prevalent as Elf Classic itself.
So, long post made short, how would you like your elves served in P:E? Are you looking for your typical fantasy elf? A subversion of your typical fantasy elf? What kind of elf makes you happy and what kind makes you gag?