cardoc

Ok lets ck some basics.Does have good spark from coil/let coil arc to wire should jump about a half inch.Do same at dist cap.Wet plugs usually means no/weak spark,spark out of time,no compression,no exhaust flow,way too much fuel.Fuel presure should hold near run spec while cranking,ECM may be getting faulty info and dumping fuel.I'll bet the oil smells gassey.For giggles try disconnecting the Mass Air Flow sensor after the plugs dry.The ECM will put in it's own value and may start is sensor is fubar.We're not done yet,keep us posted.A no start is usually just basic trouble shooting to figure out.
Good luck,Cardoc