I did the wrap thing for some time. I either used tennis grip wrap or baseball bat grip wrap (lizard skins). I really liked the lizard skins. But, I was replacing it all the time and it's not super cheap (about $11US a grip). The tennis wrap worked pretty well for me. But, it starts to roll up in your hands (where you overlap it during application). It also starts to fall apart/shred after a few falls. The lizard skins definitely stood up better (for me) when the bike hit the ground.
I hadnt thought of hockey stick wrap! I may have to look into that now that warmer weather is approaching.