Not for those of us who are interested in elven perspectives and stories.
I'm with you here. It seems like it would be a waste of a race selection spot otherwise. If everything related to the elves and Dalish in Orlais is completely resolved off-screen, then the Dalish selection would only serve to be a pointy-eared human. Pointless, and I doubt that's what the devs are wanting.
Considering that the writers have stated that the surnames are going to have lore significance, which would include the Dalish, I don't think they'd just chuck all of the elven rebellion story to an optional side novel. Bad enough that other companies do that with their IPs (ahem, Blizzard,) but so far BW has been good about not doing that.