I'm a gambling man (as my profession). I will offer you (3:2) - my $3 to your $2 says this photo is real. Let me know how much you want to bet, I'd accept someone reputable on HN will escrow. Would you trust the author of this article as the arbiter of the wager, using similar techniques as the Victoria's secret photo?

[I have no expert knowledge on photos, wolves, or the photographer in question. But I like a good bet, especially in the pursuit of science!)