I am looking for the best way to learn those weaves and decorative wraps, I have seen those visual weave and wrap software on Mud Hole, I am looking for suggestions on the best way to go, Thank You.

for wraps get Billy Vivona's book. A few blanks, a whole mess of thread. And start wrapping.

for weaves I believe DocSki has some instructional videos out.

I bought a wonder weaver and the visual weave software and Jim Upton's book "A guide to weaving"

I also have Billy's book as well as both books by Dale Clemens.

Then I just started practicing on dowels, rod blanks, etc

Also, there are places that offer classes like mudhole, nerbs, etc

I am also very fortunate to have guidance from a friend who used to build rods and do wraps and weaves and that has helped me learn a lot

There are also tutorials online like rodbuildingtutorials.com etc

on that wonder weaver, thats for the use on a Renzitti rod lathe right? would that workon a Pacific Bay wrapper?

The Wonder Weaver does not require the use of any specific rod lathe or wrapper.

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Tom is right. I have a Pac Bay wrapper myself. You could use it on wood blocks, books, anything that will support the blank. The blank supports the wonder weaver