Link wheel is a gray hat strategy and I personally think that it is worth to invest strategies in white hat SEO techniques rather than applying Gray, Black or any other color of SEO techniques. Hope this helps...
Linkwheel does help to push your position on search engine but to stay under radar, you need to build it way too complicated linkwheel strategies.. Commonly used linkwheel aren't the best for now.. It's time to get smarter on these linking strategies.. Good luck..
First create it and then see its benefits. Without creating it, you won't be able to know its benefits.
Yes. You can create web 2.0 using link wheel strategy. It will be helpful. Link wheel is pretty common SEO knowledge that links are good for sites. The more links you have, and the higher quality those links are, the higher you are going to rank in the search engines. One great way to get a ton of traffic to your websites is to build a link wheel. The link wheels build back links to your website's main page, which give your website a higher search engine ranking.