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Can a Formula Field initiate a Workflow Rule?

Hello,

 

I have a workflow rule which I want to initiate from a formula field. I.E. when the field value changes (in the formula fiield) the workflow rule will be initiated based on the formula field matchig a specific criteria.

My question is, can this be done?

 

I read the following but it was posted quite a while ago therefore I'm not sure if it is still relevant.

 

http://success.salesforce.com/ideaview?id=08730000000BrHrAAK

 

Thanks for your help!