A lot of my work has been produced at full wall height - 2.5m x 10m kind of size. You can see some of it here:
http://www.bluepearlphoto.com/projects. I've taken many images up to 10:1 aspect ratio - see here:
http://www.richardosbourne.com/panoramics.
For full wall use, 300dpi is probably overkill - the scale means that most people simply won't look that close to be able to see the difference between 150 and 300dpi. I'm using an IQ260 - around 9,000 pixels vertically and that's pretty good but could definitely do with a few more on some images. I would think that the IQ100 will be a good choice, as long as you use meticulous technique - really solid, heavy tripod, mirror up etc. The low noise will also really help when images are scaled up. I'm often surprised that images I thought were pretty low res (5600pixels vertically) can look really good once printed very large - the print process can mask a range of problems.
Regarding lenses, the new LS Schneiders from Phase are excellent. I'm using the 55 and 80LS and I'm finding they give outstanding results: sharp edge to edge, minimal distortion, good depth of field at F16, reasonable flare resistance. I've started experimenting with the Schneider 60XL on my Cambo. This is about as sharp as the LS lenses, and is a devil to focus properly as it has less depth of field than the LS lenses for a given aperture but it gives the possibility of stitching 2 rows of images easily with it's massive image circle. Single row panoramics are tricky enough: double row is pure masochism but the 60XL seems to have few problems (for a tech cam lens) - huge image circle, v.little LCC correction required. Double row spherical panoramas are also very problematic - flare problems, things moving in the frame, stitching problems can all screw up the shot. Only one frame in a panoramic needs to be wrong for the whole thing to be wrong.
Re. printing. My work is often printed on roll-to-roll Vutek UV printers on textured or plain wallpaper type material. This is available in 3m x 50m rolls so that's the maximum size print you can produce on it. Of course, whether you could physically lift 3m x 50m to install in a single piece is the main issue - generally it would be limited to 10m runs unless you make special arrangements for a forklift or something! The quality is good - 1200dpi - though the colours aren't quite what you would get from my Canon 12 colour IPF9000 for example.
These 3 links are recent comparisons I did for a client who was proposing using Shutterstock images. The print is at 1.76m high so you can look at these at 150% or so in Photoshop to get an idea of the quality at 3m high. Not perfect, but if you step back 1m, it's not too bad:
https://dl.dropboxusercontent.com/u/10489236/Comparison1.jpghttps://dl.dropboxusercontent.com/u/10489236/Comparison2.jpghttps://dl.dropboxusercontent.com/u/10489236/Comparison3.jpg