I have a 206 that has a ski hook or tow hook for what I am assuming is to pull a raft at the very back of the boat. Could this be used for wakeboarding or do i have to have one of those big dumb boom things. Has anyone wakeboarded from their formula's?

You can use that sure. It is better to have it up high but it will work fine, The reason that it is better to have the tower or boom is that it allows you to get higher in the air when you do tricks. That boat however with it's but planted deep in the water unlike a ski boat is going to toss of some BIG waves so air time is NOT going to be a problem

nice...now i just got really excited about this...I am probably going to end up hurting myself! lol