I've owned german shepherd dogs,rottweilers, and a boxer but not a wolf, i am an experiaced dog owener i guess…
Wolves and wolf mixes are very demanding, and do not usually make good pets, with few exceptions. Don't get me wrong, I LOVE WOLVES, but I would probably never by suited to have one as a pet. If you do think that you may be able to care for it though, I would highly recommend Wolf Park: http://wolfpark.org/wolfdogs/index.html If you do decide you want one, take this advice from a wolf lover: DO SOME RESEARCH! I could not count the times of people I know who wanted a rare and unusual pet, and went and bought one on impulse. The pet would always wind up in a shelter, rescue, or zoo, because the person simply did not have the knowledge needed to care for the animal. Before you plan to get one, you will first need to read up on your state's laws regarding the ownership of wolves and wolf mixes. Another thing, be prepared to dish out a LOT of money, wolves are anything but cheap.
Diet: They need meat. Lots of it, and you will need to feed it either a prey model based diet (preferably venison) or a very high protein, high quality dog food (like 'Taste of the Wild' brand).
Housing: Wolves and wolf mixes are notorious for escaping their enclosures. You will need to build a large, sturdy enclosure. Ideally about 1/4 an acre per wolf. There would need to be two fences. The inner one should not be shorter than 7 feet. The outer fence needs to be about 5 feet away from the inner one, and should not be shorter than 6 feet. Both should have an overhang at the top, and continue underground for about 2-3 feet.
Socialization: The ideal time to acquire a wolf or wolf mix is around 6-10 weeks old. That way, it will bond with you, and you will have time to properly socialize it. You will need to constantly introduce it new people, places, and animals its entire life, so that it doesn't learn to fear strangers. Wolves are pack animals, so you will also need to establish a pack hierarchy. The wolf must learn that you are Alpha. The wolf will test you its entire life, and you will need to occasionally reinforce your status (they are especially difficult during the transition from puppy to adult)
More info on that: http://dogs.about.com/cs/basictraining/a/alternatives.htm http://www.doityourself.com/stry/speakdog
Exercise: The wolf will need to be walked everyday at the same time, preferably early in the morning, or late in the evening, to simulate what a wolf would do in the wild, and keep him in good physical condition. The length of the walk should be at least half a mile, and should be a straight line or loop. If you were to walk it in a continuous circle, it would get bored really fast and decide to go somewhere fun, taking you with it. Wolves and even wolf mixes are very strong, and person doing the walking should weigh at least 155 pounds. It would also be much easier to connect the leash to some sort of harness on the walker (like a rock-climbing harness). The wolf will also need a sturdy harness and leash.
Training: I once heard if put like this, "My wolf is a wonderful wolf, but a terrible dog." Wolves are much smarter than any dog, but unlike their domesticated versian, they do not obey human commands as much. In that way, they are a lot like cats. They are very independent, and if you want to train one, it would take months and months and a ton of patience.
If you still want one after reading this, then I would highly recommend these sites as a start to your research:
http://wolfpark.org/wolfdogs/position.html
http://wolfpark.org/wolfdogs/guidelines.html
http://www.wolfhaven.org/index.php
http://www.reddit.com/r/reddit.com/comments/7cvoy/when_you_have_a_wolf_they_take_over_your_life_in/
http://www.wolfcountry.net/information/WolfDog.html
http://exoticpets.about.com/cs/wolfdogs/a/wolfdogs.htm
http://www.wolfdoginfo.com/
Good luck! ; )