I have considered this. But I don't have anything against piercings...if you wanna pierce your [insert painful body part] well whatever, sure it might hurt and look stupid but I'm not your mother, etc. What other people choose to do with their appearance really does not phase me.
Plus with stuff like earrings...yeah the idea is not the most pleasant if you really think about it. But in reality it's a small amount of pain for about 2 minutes max, and if you stick to wearing small, light jewelery you'd hardly even know there was anything in your ears, and you get to collect more pretty shiny girly things to wear. Win? I think really long/heavy earrings are weird/ouchy, though, but that's just me. I always have to wonder how the person can not be annoyed by the tugging sensation. But again, personal choice, whatever.
NB: I do not have any piercings at this time. Vague plans to get my ears re-done maybe one day when I can be bothered. I remember not really caring for earrings the first time around so eh.