In reponse to a PM I received today, below is the link to the original traction wrapping thread.
I suggest doing a search as 3-4 more threads on this topic have appeared and offer interesting info.
As far as other devices go, I do believe the penis stretcher could work. It is better quality than the MaXtender (which is rubbish), but again you will need to wear the thing for many hours a day and the pull would have to be very tight. The cost, around $400, is a lot for a product which uses a noose to stretch the head. Also, the photos on the net are not good examples to go by.
The only product that perhaps I would even consider reccomending (I have not tried it and can not find the link) was something similar from Scanadavia, used by doctors here in Spain with good results, but cost about $1000USD. For the money and time involved, I would have to suggest hanging.