The Feathercoin Tracking Thread

I hate the name of this cryptocurrency, but whatever. The actual mechanics are pretty good, and it seems people are trying to develop newer and better cryptocurrencies. It was just added to BTC-e so it could go up in value quite rapidly, but who the Hell names it "Feathercoin"? That just sounds silly.
http://www.youtube.com/watch?v=QRUfVxmIrcg

Anyways, I tried mining it at http://fc.ltcoin.net, but the page doesn't payout so far so I'm unsure it's a scam or not. Share your thoughts.