That product takes care of the moisture coming through the concrete wall. You could still get foundation to wall moisture wicking. Fig. 8: http://www.buildingscience.com/docum...ts?full_view=1
Also keep in mind foamboard on the cold concrete wall (air-sealed) prevents condensation from moist interior air, causing mildew/mold to susceptible wood frame walls, drywall paper, etc. The whole idea of foam is to raise the dew-point, preventing condensation in the cavity, compare f.g. wall with f.b. + f.g. wall in the Index here: http://www.buildingscience.com/docum...study-analysis
If any ads are present below my answer or words underlined/colored, I do not condone/support/use the product or services listed/linked to, they are there without my consent.
WELCOME to the forums, if I forgot to say it!