As for me and my house, paint is the only option.
But like anything else, it is up to your team to do what you wish. And if your choice is wrap, then go for it.
I would rather stop racing than have to have my car wrapped.

That is true that a team can spread out their sponsor's products with the wraps, they can change a car from one race to the next fairly easily. Snake's old Skohl were one of the first that I saw use the wraps, but they used a combination of true Candy Apple paint, bare Carbon Fiber and the wraps. It was pretty cool, just not up close.

I've been airbrushing for 30 years now so I'm really partial to the real deal.