Halflings get sneak, which is useful for selling to dubious merchants, sneaking through a zone e.g. up the walkway in velks, etc.
Wood Elves have access to some decent Tunare only items e.g.
http://wiki.project1999.com/Gloves_of_Earthcrafting
Humans have access to
http://wiki.project1999.com/Robe_of_the_Azure_Sky , but that requires playing full neckbeard mode.