What a wonderful post. Unfortunately, it has been over four years and we haven't answered the fundamental questions. I see some important researchers have left this discussion/study, so can anyone who is making the Ambrosia Wine, or culturing the fleece, send a sample of the fleece to a lab?
It's been genetically analyzed and examined by a mycologist. It seems well-established that it's not A. muscaria. But the Ambrosia Society folks still insist that it produces the same effects as the mushrooms, so it would be good to have it chemically analyzed.
Also, I'd be interested to find a description of the effects that doesn't sound like simple placebo. That's what I've really found suspicious, is that none of the people who claim this brew is so great attribute any really definitive pharmacological effects to it.