This is interesting, Energetic Nutrition makes a progesterone cream for men.

Also, here is a quote on the use of progesterone is men:

Males make progesterone. They need it to make their testosterone and for the adrenal glands to make cortisone. Males synthesize progesterone in amounts less than women do but it is still vital. You can measure male's progesterone levels, and you'll find that when the woman has this follicle damage I'm talking about, the amount of progesterone she makes is less than that of a male.

Men with BPH (swelling of the prostate) and other male related problems will appreciate the speed of relief with progesterone cream. Dr. Lee recommends that men use 8 - 12 mg of progesterone daily. Progesterone has NO feminizing characteristics. Progesterone is an 5-alpha reductase inhibitor -- it helps prevent the conversion of testosterone into DHT.

Progesterone may also help men with complexion and increased energy. Progesterone balances the estrogens that build in a man's body. Furthermore, it may be important in the prevention and/or treatment of prostatism and prostate cancer. Dr Lee has had men contact him telling him that as a result of applying progesterone cream to their wife they were seeing that their symptoms of prostatism such as urinary urgency and frequency decreased considerably. Several men with prostate cancer reported that their PSA (Prostate Specific Antigen) level decreased and they have had no progression of their prostate lesions since using the cream themselves. Another man contacted Dr Lee to say his bone metastases are now no longer visible by Mayo Clinic X-ray tests. After reviewing endocrinology books in regard to hormone changes in older men Dr Lee found that progesterone levels drop, estradiol levels rise, and testosterone changes in form in older men. This is significant enough to warrant research to determine if the application of progesterone can be used to prevent prostate cancer.

Dr Lee has pointed to research that suggests that too much progesterone in men can prevent sperm maturation possibly acting as a contraceptive. Since both progesterone and testosterone work to build new bone, progesterone can be useful for castrated men (common procedure for prostate cancer) in protecting against osteoporosis as in women.