Indeed it looks like Isolani the developer has jumped ship over to Pesobit. It's all that he is promoting now - on twitter & even his bitcointalk signature.
I invested more than 1btc for online web wallet and that hasn't had good effect on the price yet.
Joining some other projects is to get more funds. It's neccessary for ChessCoin to continue running. I didn't raise any fund from the beginning of ChessCoin.
Pesobit is not my own project. I'm just a supporter and advisor.
ChessCoin Project is still in long term development.