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Wood Elves are one of the best armies for 6th, top-tier for sure (it was the last army book released for the edition, which already hinted on the future powercreep issues of 7th).
Require some mastery to properly exploit all their strengths, but can be unstoppable if played well.
Shooting is always going to be good, but don't overly rely on it. They play best as an aggressive army, even the archers (that can move&shoot with no downside, and get +1S at short range). Characters can have some nasty shooting equipment like Hail of Doom or Loren Bow+armor ignoring arrows. Also have quite some staying power with the forest spirits (treekin are tough!!). Their magic and magic items give them a lot of utility and ability to pull of annoying tricks.
Can't say for 8th.
In AoS, proper Wood Elves don't really exist. A good chunk already got squatted, so what remains is probably going to stick around a while. Dryads and Treemen went to be Sylvaneth, and you may find some Wanderers in Cities of Sigmar. Perhaps the Living City would be the closest thing available?
We don't know enough of The Old World project, and for now there are no signs of Wood Elves. The current map released could make them available as it's very Old World/Empire oriented.
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