I think it's a procedure that should be relegated to the past, with a corresponding upswing in teaching boys how to properly clean themselves. Without going into details as to why I know this, there seem to be a fair number of uncircumcised boys/men who don't clean themselves well at all, with resulting health consequences to themselves and/or their partners.
Taking naturally occurring bits off of children is wrong, and in my opinion, religion is not a good reason to do so either.
Please note, those of you who think male and female circumcision are the same:
Equivalent female circumcision would be the removal of the clitoral hood. What is more often practiced is female genital mutilation, which is removal of the [bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse], sometimes includes removal of the labia minora as well, and sometimes includes scarification and/or sewing up of the labia majora, leaving just room for elimination.
Women who have the [bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse][bless and do not curse] removed are deprived of the major source of genital sensation.
Women who have more tissue removed/scarred/sewn are subject to infections, pain, painful intercourse, difficulty in birthing, fistulas (look it up, it is horrifying), and other health problems.