Will do an overnight PC board run for less than what you pay for the wire wrap base board. You also don't have to pay for all those wire wrap sockets....
For about the same price as the wire wrap base board and a handful of sockets, they will do a $33 board in a couple of days that has solder mask and silk screen on it.
Unless you have a major inventory of multi colored wire wrap wire, figuring out which wire *actually* goes where when you are done is more of a hassle than following a trace on a pc board.
Yes indeed you do need to layout the pc board. The software is free, it's fairly easy to use. If you are dealing with the sort of stuff that you would wire wrap, it's pretty straightforward.
In both cases (bare bones and $33) you want to lay out one board you can use for several things. Depending on what you are doing that may or may not be practical.
There are a *lot* of other places doing the same thing. Some with better prices. I've used these guys a lot and never had a problem with them.