I made a quick tutorial about baking hair/fur to poly strips. It works pretty well if you have poly strips in mind when you start. http://www.vigville.com/tutorials/hair/
I happen to be making hair right now too. Great Varga hair tutorial by Paul there. Here's an addition to the Varga hair tutorial he forgot ... EDIT- asked about viewport transparencies...but its easy once you find the proper config for your video card I think. For my 8800 it was just color+alpha trans+high quality view…
Here are two good tutorials that should help. http://www.paultosca.com/varga_hair.html http://poopinmymouth.com/process/hair_tutorial/hair_01.htm If you don't like using Maya to make the strips like Paul did you can manually paint the hair strips like in Ben's tutorial (the second one). Also take a look at how other…