I agree that the wave looks "just OK" but so do the waves behind our boats without a big chunk of ballast on board. It remains to be seen, but I'd bet that another 1,000 lbs of properly placed ballast would make a big difference in the wave. I just think it is cool that Chap is directly addressing this aspect of their jet boats, highlighting their all-around flexibility and suitability for the recreational family boater. Obviously they are not the same as a dedicated wakeboat, but they can do things those boats can't do, too.
Regarding fit and finish, overall I felt that the 223 and 243 I saw at the boat show were right in line with the Yamahas, with the exception of not having hinged seats (which is a very nice feature on the new Yamaha 24s). Vinyl quality, gelcoat, apparent solidity of the hull (the thump test), fasteners, etc all seemed as good. The engine area seemed pretty tight and the placement of the battery cutoff switch seems particularly poorly considered, but overall seemed like a nice boat. The 223 seems to compare very nicely with the 212X, albeit a bit more expensive. Perhaps I missed something on the F&F front, though.
Not a fanboy by any stretch (of any brand), but I do think these new Chaps have great potential and seem to represent a good alternative.