As far as drying and wax removal I personally use the microfiber towels from Griot's Garage. I have also used their 100% cotton towels. Being your first black vehicle, i know how you feel. I remember when I got my first black car, I was scared to death to wash or wax it........that was three black cars ago. I won't have any other color now.
Go to this link and download the pdf file. It will give you some good tips on detailing. Then you can also check out the towels and cloths.
http://www.griotsgarage.com/support.jsp