Hey Chad, Mark & I, plus others here on the board, have discussed this subject off and on the last few months (I make most of what Mark sells, btw!)...
As for a turbo "wrap" shield, Matt (Cool84) is on the money with his "heat trap" theory, I personally think the fuel rail and possibly the firewall may suffer from excess heat buildup(?)... And, as much as I hate to say this (and it's from experience), there's not enough buyers of hotair stuff to justify the time & money to design a complete turbo shield...(JMO)
What I've been considering is a substantially larger, black anodized aluminum version of the stock heat shield. I've been so busy lately I just haven't had any time to research it! I'll put this on my "to do" list this week...