I have been a Wisdom 2 owner & user for some time now and love it for the kind of diving I do, which is strictly single-tank recreational diving. The Wisdom does not support multiple gasses or in-dive tank switching. You will need a more technical computer for that.
Also, I'm pretty sure the Wisdom only supports up to 40% Nitrox mix.
As with any computer, if the battery completely fails in-dive you are SOL, no gauges or anything on the computer. However, the same thing could happen with a brass-n-glass SPG (in fact, I was diving in Coz recently where that happened, but nobody's computer failed). The Wisdom battery is user-replaceable, however, so I recommend keeping a battery change kit (which includes a replacement o-ring for the battery compartment) in your save-a-dive kit.
I have practiced ascending on an independent pony; when doing that, the Wisdom still operates, but of course it can no longer track your gas utilization and nitrogen absorption. Depth gauge function still works, and of course it still shows tank pressure on your primary tank. I only do this on my last dive of the weekend, because afterwards the Wisdom has lost track of my actual absorption levels.
If you are only rarely doing deco dives with multiple gasses, the Wisdom does have a plain Gauge Mode, allowing you to use tables without a bunch of warning alarms or anything from the Wisdom. But otherwise you should consider a more technical computer.
>*< Fritz