I believe the Lectric Shave would be counter-productive for wetshaving, as the entire point of Lectric Shave is to completely rid your face of moisture (hence the high alcohol) in order to better soften your hair. A pre-shave or Shave Secret would be more appropriate, as it too will soften your hair but hydrate your skin.
An alcohol based pre-electric shave could be used every once in a while for a wet shave, but I would think that repeated use before wetshaving would end up drying out your skin pretty horribly.
They have a Lectric Shave Balm. Wonder if that would work.