When looking at the example, it did not grasp my attention because it's rare to have links broken in the middle of a word. It did though with words starting with the letter y for example. Too bad because it looks awesome.

Worth noting that a continuous line can hide several links. The security conscious that likes to hover links before clicking them know this well, hence I always appreciate the use of a css :hover that would also somewhat attenuate that problem. (http://jsfiddle.net/46qvv6kn/)