The longer version
When I first got the idea for HoverFX sometime in 2010, there was nothing quite like it that currently existed. Dribbble was a fresh, rapidly growing, exciting community for posting designs, but there wasn't anywhere that developers could go and easily share small snippets of code (CSS styles specifically) and also immediately showcase on the same page what the code does live.
True, jsbin and jsfiddle existed (maybe even dabblet then), and could more or less do what I was thinking in the technical, but what I also had in mind for HoverFX that was missing in those, was the social aspect that I loved about the Dribbble community.
Social interactions such as liking posts, following other users, saving other users posts to personal catalogs and forking projects were all things that I was hoping to build into HoverFX to set it apart from the existing solutions on the techincal side.
Time waits for no man
I was simply too slow to the draw, had too many other projects going on, and in the mean time two very solid alternatives have appeared: CodePen.io and CSSDeck.com. Both are amazing tools (I think CodePen.io is actually the more superior as it has built in support for your Github account, and a handful more bells and whistles than CSSDeck.com does).
Because it was never my intent to go "build something better", just to "build something that didn't exist yet", I've decided that I'm going to stop my development of HoverFX.com for now. I can't think of any reason to build something that I think there is already a great solution for.
It may turn out that I may get a completely new idea around the HoverFX project, or just the domain and start a new project around it, but for now, it's at a permanent hault.
To those who expressed your support of the idea, just wanted to give you an explantion on what happened, and say thanks again for your engouragement.