You make some good counter-arguments, Mekkah. I'd like to dispute a few of them, however.
As far as Perish Song goes, it's not a perfect solution, but I'd gladly sacrifice one Pokémon to kill off my opponent's Wobbuffet. So I don't see this as a big problem.
The fact that Worry Seed, Gastro Acid, Skill Swap and Role Play are 'wasted moveslots' is a result of the over-centralized metagame. There just aren't that many Pokémon with interesting traits in OU. I'd still consider Worry Seed for any opponents with Rest. I think stalling in D/P will be more feasible than a lot of people give it credit for.
For Torment, you're mostly right. But on a side note, I'd like to see more Belly Drummers. They don't seem to be too viable in most situations in D/P.
I think two of the reasons that Wobbuffet is considered to be so powerful are because you've outlawed Evasion-raising and OHKO moves (especially the latter). Just because many people find them cheap doesn't mean they shouldn't be allowed. I mean seriously, do you really see any of the 'standards' wasting a moveslot on Double Team or a OHKO move? The most they would do is increase the use of certain Pokémon that aren't currently standards.
Good points on confusion and Roar/Whirlwind. You're absolutely right. Wobbuffet probably can't Safeguard before it's confused, but it may Safeguard after and switch. Still, having a confusion-inducing move against Wobbuffet may be better than just having four damaging attacks.
I'd like to test Magic Coat, because I really have no idea whether or not it works on Encore. It seems to be the exact type of move it should work with, but that's no guarantee of anything.
As far as U-Turn, Shed Shell and Baton Pass requiring you to have another Pokémon that can handle Wobbuffet, that's true. But there are enough ways to counter Wobbuffet that I don't see this being a big issue most of the time. If you switch out against a Tyranitar, that requires you to have another Pokémon that can handle Tyranitar. If you want to Baton pass out against a Wobbuffet, just bring in your Gyarados, Taunt, Dragon Dance and sweep.
Using Wobbuffet also requires a bit more prediction than it used to. With the advent of moves like X-Scissor, Night Slash, and Shadow Claw, Wobbuffet has to decide whether to Encore (in case its opponent uses Swords Dance, etc.) or Counter immediately. If it chooses to Counter and you stat-up, you could potentially KO it in one hit. If it chooses to Encore and you attack it, you could KO it in two hits without it getting the chance to fight back. A lot of Pokémon get moves that are super-effective against Wobbuffet this generation.
I guess we won't really know until we try it. Oh, and until people acutually take it into account and diversify their movesets a little. If we try it and nobody even attempts to deal with it, it's not really a test at all. If we try it and it further centralizes the metagame, even after people take it into account, then by all means ban it.
I'll be locking this if it turns into a "Wobbuffet is uber! No it's not!" discussion, so don't.
I'm sorry, but I don't see anything else this thread could be. I mean, there aren't a lot of movesets to throw around. Why would you lock it as long as there's a healthy, polite discussion about it? By all means, lock it if it degenerates into a shouting match.
I think the main thing about Wobbuffet is that it is going to make things VERY unpleasant for choice item Pokemon should it get into OU.
Specsmence is supposed to tear through the metagame. All Wobbuffet needs to do is come in on a Draco Meteor and Mirror Coat away. Either Salamence gets KO'd by Mirror Coat or its special attack drops so much that Wobbuffet lives through all 8 of them, and Salamence dies from struggle recoil.
I don't see the Wobbuffet dilemma as being much different from Tyranitar coming in on a Psychic Pokemon. You have some chance of surviving, but the ball is totally in Tyranitar's court; even if you switch, you risk getting hit by pursuit.
Excellent points. I think you're probably right about Wobbuffet making choice item Pokémon unhappy. I couldn't be more pleased about that. The choice items are quite powerful and they could use some more disadvantages.