Believe it or not, this is still going on, every monday 15-25 of us are wasting upwards of 7 hours at this point on some really top quality bad movies, usually four of them plus a couple shorts.
The actual stream URL changes depending on whose turn it is, but if you show up in that IRC channel around 7 EST on a Monday we'll be there and can direct you to it. Holidays mean nothing. on the 4th of July we were only down one regular.
Last Monday the owner of the site we use to stream showed up in the IRC chat and complimented us on the quality of our streams, so I guess we're doing something right. Honestly I thought it'd be impressive i it lasted more than a month but it turned out to be about the most fun thing I've been involved with on the Internet in years, and we've got some real trash aficionados in there. Definitely check it out! Especially this coming Monday, because word is one of the movies is going to be Boxing Helena.