okay, i'll start my lil photosession with the original picture - not cropped and altered in aspect of the colors:
here is another recent picture of michael from 2009 where you can see his chesthair:
he did shave it from time to time - like during the BET awards in 2003 - but he did miss a few hairs at the bottom ;)
soo, now let's take a quick look at his other body hair:
legs:
(and yes, that is michaels leg: )
i think the pictures from his leg and armpit proves best that he didn't have tight curly body hair but rather a little straigther hair.
to me it is definitely michael in the picture posted by the OP. all mike! :)