Yeah, the wood finish looks good at first, but it starts to look like shit after a while and is a pain in the ass to repair / re-finish. I think woodless boards would retain their value longer, especially their resale value.
When the wood grain in the bottom of my F158 started to crack and expose itself through the paint it was the last straw of my many frustrations with the hassle and expense of formula. So I sold my formula kit and bought a low-tech Kona longboard, which I am happy with. I may buy formula stuff again some day, but never a wood-finish board.