It was shut down because of abuse and malicious bots.
If somebody is willing to set up and IRC and really have time to hang around, administrate and keep an eye on malicious activity, I am willing to give away the irc.polarhome.com : default ports
I was just curious to see if anyone at Polarhome was hanging out on IRC. I've got other priorities to work on before I I'd try tinkering with it myself.