Removing the wiring from the fender shouldn't cause anymore problems than you possibly have already created. To do this properly, you need a factory service manual.
Think of ABS as an add on device. Pull a fuse or relay and it's disabled, your brakes work like its not there. Removing the unit only entails new brake line routing and proper valves.
From an electrical point though it taps into sensors to monitor (depending on system) wheel speed, axle speed, transmission output, power ground and sometimes it has to talk to the engine computer. Removing the under dash wiring means you need to just make sure you don't sever something you need for PCM, speedo, ect..
Depending on how the brake system is set up for normal sensor's, the ABS can monitor master cylinder reservoir level, park brake and possibly a switch on your combination valve also. These on a non ABS will be tied into the "Brake" light on the dash. If you want these safety features, you will have to wire them back ( I would make sure the park brake light works at least). If not, just check your brake system like you should be doing during maintenance.
I doubt this is the case with Wranglers but, if the PCM is programed to see the ABS, you will have to find someone to program the PCM to ignore it or replace with a non ABS computer otherwise it will leave the check engine light on.
The comment on how dangerous an ABS system can be after putting over sized tires is correct. You want to tell the abs system you changed the tire size, but it wont know how to compensate other than pulsing at a set speed. I bought my Wrangler without it and would have disabled/removed it if mine came with it.
As for what to do with your O2 sensor, removing your sensor and depending on what smog items you removed will normally cause the computer to meter fuel poorly. Remember the system was designed to work as a whole unit. What that means is you are going to want to change the programming on your computer. Someone else will have to chime in on what is best in that area for your Wrangler. Because I have to smog mine here I just leave mine alone. The guys at my shop mod their cars for racing and run either reprogrammed or custom computers.