Forgive me if I'm going too far at any point. I get a little too excited about this stuff. =)
To properly define wristed radius arms, you should really define radius arms first. It's basically a 4-link system where the frame mounts on each side have a coinciding mount point. It still has essentially 4 axle mounting points which, on a stock Ford radius arm setup, is effectively the top and bottom points of the c-clamp. Basically, one of the two links on each side locates the axle fore and aft and provides the arc in which the axle swings during flex, while the other link restricts twist (axle wrap, whatever you want to call it). For the sake of simplification, let's assume the lower links on each side are locating the axle while the upper links are restricting twist. Technically, you only need one of these anti-wrap links (and in fact, if the engine weren't where it was, you could probably have a very nice setup with one lower link on each side and one upper link right smack in the middle of the axle). Wristed radius arms have one of the four links removed in order to eliminate the bind from one side of the axle to the other as the two upper links both fight to keep the axle turned square to its respective radius arm. Wristed radius arms can take many forms, including the Rockkrawler "torque arm" setup and the Twister arm I posted a picture of a few posts up.
As farmermatt has very convincingly shown, there are other ways to reduce the bind. Long arms do NOT eliminate the bind, but they make it more or less moot. The problem, as he already mentioned is that you run into the same problem as with leaf springs: the longer (and hence, flexier) they are, the sloppier they are. In order to reduce the bind, you're multiplying the small amount of slop that already allows the system to flex. It's not necessarily a bad thing, just something to keep in mind. Wristed arms actually do eliminate the bind completely and do so without requiring any increase in radius arm length. The benefit here is that if you make it pinnable, you can go from totally unrestricted to as stiff or stiffer than stock. Sorta like a disconnect swaybar. There are drawbacks to everything, of course. A wristed radius arm relies on just one link to resist twist, so it better be plenty beefy. Also, there's a weird phenomenon that several in the TJ field have run into where the diff-side front tire will lift off the ground well before it should. This is due to torque loading on the side where the upper link is. If you can predict it, it's very easy to get used to, but it's a little odd.