Yes you can wakeboard on it. I did it for three years. There is no wake unless you put two full sized adults on it. It will produce something to play with.
When I had my ski I did alot of switch riding, 180's, and surface tricks. Not much but you can get your fix off of it.
oops i just read 50 hp! maybe not two adults. give it a try though.
(Message edited by Pierce Bronkite on September 17, 2003)