Wireless service generally does not support name display. For now, only Rogers/Fido offers name display on wireless service as an add-on (don't know if Fido's wireless home phone service supports it).
On your wireless home phone, you get cellular voice. Pro's are that you're on a nomadic service (no moving fees, take the adapter with you, keep your number wherever you go), low monthly cost to have many calling features (getting all those features on a POTS line would be expensive), doesn't require internet (unlike VOIP). Con's are no fax (or any dial-up data), no name display.