Hawkfish21,
I'm facing the exact same problem with my red-headed fairy wrasse, except he has stopped eating. He's swimming on his side, in circles, etc. I've talked to my LFS, searched on RC, and posted a thread.
I have gotten no suggestions. Like you, I have moved him to a QT tank, given him an airstone (which he is in and out of constantly), and am hoping for the best.
I'm gonna hitch along in your thread and hope someone can suggest a treatment.