Playing with High elves in WH fantasy, playing as elf archer in LoTRO and seeing elves by many other ways superior to dwarves I say that they are simply better race.Not looking santa's elves(that cookiechocolatecreamychildren's bull**it) and when not looking only LotR elves they usually have pets like this:
without mention eagles and other greatures. I would like to see how the great dwarf general reacts when battles against elf lord who is on back of his mighty dragon(as I know dwarves haven't allies like those, do they?)without mention that elves' magic is far superior comparing to dwarves' and usually elves are faster(someone ever played WH and heard about 'speed of Asuryan'?). Yes, Dwarves have imppressive architecturial monuments(moria,Erebour etc.) but I don't see still them more imppressive than elves' ones(Lothlorien is still pretty imppressive right?) and when looking to other fantasy world than ME they usually have at least as imppressive builds as dwarves have. Also elves are way ahead in literature and they know the whole history of middlle earth better than dwarves do and elves have far more developed medicine too.
to be continued as I'm again pretty tired to write anything(prepare to many spelling misstakes etc.Fortunately it's holiday at this time...)