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A potential problem w/ some of the cushioned hangers is that the cushioning material Sometimes can eat into Some finishes (hanger rash..).
Now I play it safe and get some cotton gloves, cut off the fingers then slide them over the hanger arms.
Adds a bit of cushioning to the non-cushioned arms, as well.
I hang all of mine. Never an issue.

I know I'm late to join in this thread but: PLEASE DONT HANG IT ON THE WALL! The neck on my warwick has warped in a weird way and I can't find anyone who can guarantee they can fix it ($2500 down the drain). After about 3 years of hanging it and sometimes not hanging it exactly straight the neck has twisted sideways, so the action is low on the first 6 frets of the G string, high on the first 8 of the E and A strings, and similar down towards the body.
Yep. That's why they never do it in music stores.I was advised against it due to the weight of the body constantly pulling on the neck.
I was advised against it due to the weight of the body constantly pulling on the neck. I just keep mine on 2 racks, no probs at all. Plus my wife wouldn't like having 10 basses hanging on the wall ;-)