You would obviously end up with a wheat beer, since you made beer from wheat.
I've fermented a variety of beers with us-05 and I've always been pretty happy with it. I tend to like Hefeweizen for the mellow, clove/banana flavors so I wouldn't use anything other than an actual hefe yeast, but it doesn't mean you wouldn't make a great tasting beer.
My experience is that 05 tends to accentuate the fruit notes of a beer pretty well. If you were going to make a wheat beer with it you might wanna consider some fruit addition or at least some specialty grains above and beyond the standard pils/wheat