Dudemon, I follow that thread quite religiously. Dr. Mercola isn't using Follica's method, as far as I'm aware. According to a guy/gal named "R" in that thread, Mercola's probably with this particular company called MaxLife or whatever. And yeah, I've seen that whole thing about his hair not being back yet, but we have no idea when the video was taken to when it was uploaded onto youtube.
As for the downed attitude of some of the guys on that thread, they're just whiny wusses who cannot get over the fact that science takes time. They assume wrongly that because Follica hasn't given them results from Phase 1 that it's a failure. They've got half a brain and not nearly enough hair to compensate.
So. I guess in summary... Naw, Follica's still going.