I got into a big long discussion about polishing campy hubs with a guy on eBay once. He insisted that the hubs were anodized and even a little polish would remove the finish, and (in his opinion) ruin the hubs. I was selling, and he wanted to know if I'd ever polished them. No, I hadn't, unless cleaning them with a rag is polishing (which, I suppose, it is). He didn't end up buying them. I still am not sure that the old style campy hubs are anodized, though. They shine very easily compared to the rest of the parts in those groups.

I personally like the little leather strips with the reflector attached. Shine your hubs safely at night!