While I'm not exactly crazy about the thought of eating wolf, In know in a survival situation I'd eat it without worrying about it.
As far as hunting one, I can totally understand. A wolf is an apex predator and there is a certain aspect to it. I'll probably catch crap from people for this, but I understand the trophy hunting aspect. It's no different than going for a trophy fish, and as with anything, respect for the situation and the population means occasional hunting them will never get out of hand.
Wolves have recovered their territory well in MN over the last few years. There is a pack a few miles east of where I live in central MN which the DNR has opened up a couple permits for this year, as they are getting to significant numbers and have no fear of people.