Is the Exchange really works? If yes, at which price (BTC)?
Exchange is not working yet especially for selling the peeps, it says that it wont work until August 15th. But people can buy it now, $1 per 1PEEP but I dont think people want to buy this coin since they have distributed so many coins, I believe people will only sell it when the exchange is ready.
Will peepcoin be on any of the established exchanges in the future? If it doesn't get on an established exchange I doubt it will be popular with the altcoin community. The most popular coins usually get on poloniex.
Does it have a downloadable wallet? I can't find a download link in the OP. Is it only backed by a normal server instead of a wallet?