I wrote a bit more about it on my blog: http://gabe.durazo.us/tech/ephemeral-p2p-project/ (wow, I need to update my blog). Unfortunately, it's not really that p2p, contrary to the name. There's a server running on heroku that manages all the websocket connections and matching. What is p2p is the page content, which lives in the browser, and which gets piped around.
I get my little $7 bill from heroku every month and wonder "is this the time I should finally spend an hour and shut it all down?" But then every once in a while I dig up the old HN submission and follow the link and I see a "Currently Viewing" count of 2 or 3 and I wonder who or what it is and why. If it ever drops to 0 then it wouldn't really be recoverable and I'd shut it down.