What? Supination? Why would you ever supinate for the forehand?
I think you meant ulnar deviation for number 2. If you were to supinate, you would have your racquet awkwardly above your hand on your forehand finish.
If you look at the picture, supination means that you essentially overturn/rotate your hand outwards from your body. That would be extremely uncomfortable during a forehand.
On the other hand, ulnar deviation would mean that you have your hand positioned at an angle outward from your arm.
Personally, I think it's both wrist extension and ulnar deviation, for the takeback before the swing.
Take a look at this video:
http://www.youtube.com/watch?v=KB6EY7FxgUg&feature=relmfu
If you go to the latter part of the video, you'll see that Nadal positions his hand in both wrist extension and ulnar deviation right
before he swings. Subsequently, he lets loose the WW variation swing, over the head.
I think the key is to be loose. Don't try to hold a wrist position too tightly, but loosen up and you'll get that spin. The key for any forehand, I think, is to be plain loose.