Awesome update and thanks for sharing. Hope someone picks this up and runs with it as it would be awesome to have a shapeshift to be able to convert steem ans sbds instantly into other tokens quickly and easily, with no fees.
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We do already have Blocktrades, but sometimes they can take a large cut from the final amount.
It's quite possible for people to take the project and turn it into a ShapeShift for whatever coins they please, and thanks to the licensing (AGPL 3.0), they're required to keep it open source - so if you don't like their fees, someone can just take their code and run their own version with lower/no fees.