According to his payout schedule at https://bitcointalk.org/index.php?topic=146689.0 he only owes ~BTC86 or ~$8,000. If the price of bitcoin crashes in the next few weeks then he could still be OK and come out of this ahead. If the price of bitcoin continues to rise or stabilizes at $90 then we will never see or hear from Ian again.

The best part? He brags about being short in his signature.