I've been giving some serious thought along these lines, though I was thinking more about making it into a PDF than a website.
I'd really like to do so. I'd love to see Eyros turned into an actual electronic product. Heck, if I have the time, I'd like to put it together into an actual saleable product. Not only do I think it's a great setting, but it would give everyone involved the recognition they deserve.
"If I have the time" is the operative phrase, however. I'm just wrapping up projects for the Blackmoor setting and Wizards of the Coast, with more WotC and Paizo stuff on the horizon, so I'd have to do this in my spare time between projects. Still, I'm really liking what we've got here. With sufficient help from you folks, we just might be able to make it happen.
Don't start planning anything yet. It'll be a while before I could even start such a process, and right now, I think we're all having fun adding additional material. If and when it becomes feasible, however, I will certainly let everyone know. (And if it turns out I just don't have the time, I'll ask you all to forgive me for even raising the possibility and then dashing it. But I wanted you to know what I'm thinking.)