I don't know about his sexuality, but I busted more than a couple of his "illusions."
ONE:
Card trick where he flips through a deck of cards on the Internet (Quicktime movie) and he asks you to think of a card, and he'll magically pull the one you flip. It's an optical illusion. If you close your eyes and visualize a card acutely, when you open them, you'll see it's afterimage. It's similar to how you can look up toward the sun then look away at something and see a bunch of dots. What helps it along is that, if you slow down the footage, most of the 52 cards are the same card over and over again.
TWO:
Some random trick where he disappears in front of an audience and reappears at the top of the some building. What the jackass didn't tell you is that his camera guy went too low with the angle, and you can see him run up a fire escape and back down it.
THREE:
Apparently, he can lift a car completely off of the ground. It helps if the engine and all the parts were removed first, wouldn't it?