Im just wondering about this "Wild Wasteland trait" and is it more for players that have played the original Fallout games? I never played Fallout 1 & 2 so if its something that mainly brings up things from the original fallout games do you think its a waste that I picked that trait?

It's not meant to be specifically for those who played the classic games, no. It just introduces more Easter eggs than are in the "normal" game.

It is a trigger for some of the silly or bizzare things.
From Monty Python to Alien Encounters.

For the record, Wild wasteland only enables 16 'encounters' in total - majority of which are just one-liners in special dialogues - there are only about 5 or 6 that actually woudl count as significant alterations.