Originally Posted by TombRaiser
It's confirmed. It works. I did it, but it confused me at first in the order you had to do it.
Talk to Sinding (He's in Falkreath jail)
Kill the White Stag
Help the Werewolf kill the hunters
Talk to the Werewolf after the hunters are dead
Leave the cave
Talk to the ghost
Receive the Ring of Hircine
Then, go back in the cave
Kill the Werewolf
Skin the Werewof
Talk to the ghost.
Receive the Saviors Hide
I'd suggest having a couple different saves, just in the event that something doesn't go right.
I actually killed him before I left the cave, and got both.