You can check the result in the video below. Note that I've added a slow moving wave modifier on the wireframe object for the final clip. Just make sure you move the wave modifier at the top of the modifier stack for it to work properly. Truth is that the sound generated animation is a bit rough but we'll definitely come back with some more videotutorials and experiments about sound and music in Blender. Stay tuned!
You can get the final .blend file from here.