Thats an excellent suggestion Bud. I keep several strips of the alcohol swabs in my case. They work great on ferulles and a quick shaft clean.
My wife is a nurse so she purloins the odd box for me.
They can be had at any Pharmacy, cheap by the box.
ME is best used with Isopropyl, if you're going to wet it, as it evaporates quickly. Water can soak in and raise the grain of the wood.
I'm not advocating the use of this but it seems that some cream shaft cleaners have a bit of grit in them. The billiard shop just uses Vim as it seems to be pretty much the same cream cleaner. I don't see the difference myself. Just read the contents of any commercial cleaner before you use it and if you're not comfortable with it, don't try it.
As a side note, if you're going to use an alcohol swab on your shaft, it may leave it a bit on the unsmooth side. Any Phamacy that carrys ladies hair care frizz products, Pantene for a cheap example will replace the expensive small bottle of Cue Silk bought at the Ye Olde Billiard Shope.
Cue silk or Pantene as a replacement doesn't really last last long but its great for a quick fix at the hall on league night after an alcohol swab wipe down.