I did some research and would stay away from it. There seems to be no published research about the method of hair removal, which could prove to be harmfull in the future. Plus, it seems to be one of those too good to be true scams. Rub a little cream on your hair for two months and its gone forever. Why would anybody ever wax again? You probably would see this on the news and in salons worldwide if it actually worked and was safe.
Well, Nair works on a similar principle, so I don't see why it couldn't be possible. Supposedly "starves the hair follicle". It's backed by a one-month guarantee, so why not try it?