Tyvek is still fairly common in this area...for the most part the extra insulation within the panelized systems is overkill.
As for how pretty it is, it doesn't need to be ironed flat. Air moves through is just fine, that's the point of a house wrap. It really is just a moisture barrier.
As a builder, I prefer my moisture barrier to be separate from the sheathing, even when I am using rigid foam paneling. I will use tyvek even with a panelized house wrap - it is cheap and effective.