ohh there's always cool looking and dumb looking gear for every race. I just recently had a tailor make me 'Robe of Winter Night'. That is a very cool looking robe. Now on a Scholo run I also picked up the Magister Crown which does look ridiculous but ya know what, the 30 Intellect and the Magister Set bonus makes me forget that part.
And I think the coolest looking set of armor, period, in the entire game... is Frostfire (Mage Tier 3). That is my long term goal, even after Burning Crusades introduces a Tier 4 (and possibly Tier 5) I still want Frostfire. I have a long road ahead to get myself known with a group that Runs Nax regularly to even worry about it, but aside from the Magister Crown my mage looks pretty Cool right now, IMO.
It might take a little work sometimes to find a cool looking robe or chest piece that looks good AND has good function, but I seem to have done ok keeping my mage looking 'mage-like'.
Other option is to join a guild that has a cool looking Tabbard and that covers up any silly looking armor then!