Wraparound is a type of soft AI hate and Engolo hate. Runner using AI breaker (most popular are Eater and Aumakua) will have to put a lot of creds to pass this ice (6 creds for Eater). Runner using Engolo as their main breaker will have to pay a lot also (7 creds). At 2 creds to rez, this is a good deal. Also, if the runner does not have a breaker, it is still a hard End The Run (ETR).
However, as soon as the runner get any fracter (Gauss, Paperclip, Tycoon), the strenght of this barrier become zero. Making it a small speed bump at best.
In this case, why use such an ice? Which archetype is good with this ice? The answers : rig shooter and fast decks. Rig shooter deck will use multiple combination of cards to trash program and other card on the board of the runner. By trashing the fracter, Wraparound become again a powerful ice that cost only 2 creds to rez. Fast deck aim to put their plan in motion faster than the runner can setup. Runner using speedier deck often use an AI breaker or Engolo. Wraparound will be very good against those.
Note that like all ices (except Guard), Wraparound can be bypassed or broken easily by Boomerang. But at 2 creds and 1 influence, Wraparound will let you have a good ice for the early game (or short game), and it will not affect your credit balance very much.
Wraparound should not be used in every deck, but it has good use in certain archetype. It can be also just a somewhat cheap barrier that is good only in the early game. Certain gameplan are forgiving that way.
Nice quote, nice art, nice barrier, nice ability, nice card.