Color is beautiful and we also looked at wrapping our boat last year, but ultimately decided against it. Indeed the damage the fenders can do is problematic, but in the climate we are in (Eastern Med) the wrapping fades quite fast. We saw boats that had been wrapped 2 years ago and the colors were completely faded.
Hope that is not going to happen with your boat, perhaps you are in a bit more colder climate, with less sunshine, in which case it should last longer.
But in any case, for now it looks great.