>>4215081funny how you forgot to mention balls in that list. Real futa connoisseurs understand that the "dick" is really just a logical extension of the lesbian+dildo fetish, a healthy enough fetish. Futanari just extends the fantasy by solidifying gender roles and giving the viewer something better to relate to than a dildo alone can provide. This works especially well where the futa's penis is a modified or enlarged clitoris (fuck yeah!).
Futanari stops being futa the moment you put balls on it, however, for the simple fact that it clearly delineates the biological boundaries between male and female. Futa with balls is, simply put, a pre-op transgendered faggot, the polar opposite of what a true futa fetishist wants to see.
tl;dr - Futa with balls are pre-op TG faggots with no connection to the lesbian fetish that gives rise to the futanari sub-genre. Therefore, ITT: Faggots fapping to pre-op TG faggots.
>pic related, it's a proper futa