Hey people!
I can totally confirm that this beard causes a crash to desktop when you try to create a new character wearing it. I tried many different things to determine what it was that caused the constant crashing. At the end it was this specific beard, none of the other freshly added Elonian style options caused a crash.
I already opened a ticket on this case. I really really wanted my new character to have that beard. I was really close to just purchase a style kit to change it after the character creation. But I wasnt sure if this crash will happen again if I do so and the character becomes unplayable afterwards.