I've used microfiber towels for wiping oil off my ball between shots for several years. It was an improvement over cloth towels, but still seemed to smear oil on heavier conditions.
Over the summer, I started using the Vice WOW towel:
http://www.buddiesproshop.com/p-4890-vise-wow-towel-red.aspx It's definitely an improvement over microfiber. Still, on the really heavy conditions, it wasn't picking up all the oil sitting on the shell. I have a Columbia Enigma that can go from a fresh 1500 grit matte finish to complete oil shine in less than two games. The WOW towel was slowing down the transition, but wasn't stopping it completely.
I've been reading about the new Master Wipe-It-Dry Pad and picked one up about a week ago:
http://www.buddiesproshop.com/p-5316-master-wipe-it-dry-pad.aspx I used it to wipe my Enigma down between shots on a heavier 41' sport pattern, and I'm impressed. Nothing is 100%, but it works noticeably better than anything else I've ever tried. At the end of the night, wiping the ball down with regular ball cleaner brought the shell back to its dull matte finish. You wouldn't have known the ball had just been used on a thick condition.
The Wipe-It-Dry towel isn't cheap, but in this case you get what you pay for. If you regularly bowl on heavier conditions, I think it's worth the investment.