I'd say that in that setting, if I were comfortable enough to be nude myself...I'd just "co-exist" so to speak. I wouldn't spend time gawking or feeling incredibly turned on by the presence of the dangler wanglers.
I think the difference is that maybe some guys would be more prone to stare and feel excited and turned on by the sight of naked women. I dunno, I'm sure there are women out there that get very excited at the sight of a naked man. Given the right circumstances, I do myself at times.