As of January 2012, the service has migrated to fave.net, and later on migrated to MaxiConnect.com and is no longer active on faves.com which says "Faves is evolving to social couponing."
By January 2012, Faves had relocated from faves.com to fave.net, then to MaxiConnect.com, and ceased operations on faves.com, with a statement indicating that the service is transitioning its focus towards social couponing.