I really like the team concept and am glad to see everyone else does too.
I too will lend my vote to Nazgit's list with out having tested them.
I really like the all Frenzy team from a fluff standpoint but offer an alternative for the "werekin/tracker" skill if we think it is too powerful. What about Shadowing? They are kind of like scouts that trail the prey, tracking them down, until the "Big Dogs" come in for the kill. With Move 6 this should not be overly powerful and will leave you with a more flexible team. Werekin cost might 60K in this case based upon the cost of Shadowing (not sure how it is calculated).
I find claw is one of the best parts of werewolves. I would really like to see them on the str 4 guys, but it is not needed. Just don't know if I would use them over the regular wolves if they do not have them as well.
As for names I would suggest Werewolf Trackers, Werewolf Hunters, and Werewolf Slayers as the names.
As for figs http://www.phigsminiatures.com/catalog/g.html

Thoughts?