Well this has been discussed more times than the sun has come up and went back down but I'll bite...
I've got loose baying dogs and they have stopped lots of hogs that rough dogs made run all day. In my opinion, I think most hogs aren't threatened by a dog until the dog gets too close or bites it. I've seen some bad hogs stand there and let loose dogs bay them all day and throw in a rough dog and he's headed to the next county.
I brought 3 other guys that all had their own pack of rough dogs to this spot and they ran this hog all day. I went back a couple weeks later and bayed him in about the same spot and kept him bayed for 2 hours with 2 loose dogs.
http://www.youtube.com/watch?v=XT6ijydQkKU