And you're free to say that. I say what he's doing is fair use.
Fair use went the way of the dodo years ago, sadly. At least in the U.S.

That said...I'd say a review of the original content is different than an derivative work using the original content.
Nice try with the reductio ad absurdum or whatever the hell that argument was supposed to be, but I will do my best to treat it seriously, even though I could eat a bowl of alphabet soup and leave a better one in the toilet.
Yikes. No, it's a serious argument. It's called an anology.

If advertisemants are embedded in your videos and you make profit solely based off of those advertisemants (i.e. how many people see or click the advertisemants), then no, you're not making money off of my likeness, you're making money off of the advertisemants.
I would still beat the [censored] out of you for sleeping with my hypothetical wife, though.
Ok, if I steal wood from you and use it to make billboards and sell the ad space I'm technically not profiting from the stolen wood? Better?
How about if I use your copyrighted artwork on that billboard ad without your permission? I mean, I'll draw mustaches on all of the people in the pictures to make sure it's parody, of course.

You could do that same thing with films. I could re-edit a copyrighted film without permission (for the sake of parody) and sell admission. I'm technically only profiting from the ticket sales, though, not the content, so that's ok?