I think that if Wolf was to borrow from Fox--and to be fair I think he should, just because they're pretty similar--he should borrow the Fire Fox, and the Fox Illusion, just changed a bit. Maybe the Fire Wolf would charge longer, but do more damage, and the Wolf Mirage would go really far, but do less than Fox's version.
His neutral B should be a laser-fied machinegun (dual guns'd be cool), with wild inaccuracy, but rapid , nonstop (as in, just holding in B rathe than rapidly tapping) firing. But something besides Reflector for down+B. How about a red, spherical version that, instead of reflecting missiles, absorbs them. Once you've absorbed something, the next time you fire his machineguns, the first few bursts'll be extra-powerful. Absorbing something like a full-power charge beam would result in an even more powerful opening volley. But once one thing's been taken in, any other attacks are deflected (not REflected, just thrown harmlessly northwest/northeast depending on which side the attack came from).
Well?