I'm not all that effected by being non-op. When I first started transition, I was certain that no matter what, before I died I'd get the surgery....but over time I got less gung-ho, to the point that now, I never plan on it. I'm not a big fan of surgery, period. It's all too invasive for me....
I've come to understand for me at least, that a vagina isn't really preferable to a penis.....not to say a penis is preferable to a vagina....they both are equally unattractive as far as I'm concerned....sex organs are my least favorite characteristic of the human body, and even SRS is purely cosmetic. A vagina constructed from penile tissue is still penile tissue. I've learned to operate the equipment I have pretty darn well (or so I'm told), and if I had it removed, I'd still end up using with a strap-on in the sack. It seems like a lot less trouble to simply save the money, pain, and risk and forego the surgery. Perhaps this would be different if I was single, but as it is now, the only people who get to see me that far undressed are me and my partner, and it's just not causing us enough trouble to be an issue.
The rest of the world perceives me as a woman, I perceive me as a woman, and my partner sees me as a woman.
I guess HRT was enough to quell any dysphoria I had. For that I am happy.