UPDATE: 6 Oct, 2013
Ok, I have been too lazy to update this as this was done a month or so ago. I hereby declare this project complete. It is now bigger and better! Below are some photos and a video of the completed matrix and driver board(click any picture for a larger view)-
This is a companion discussion topic for the original entry at https://community.robotshop.com/index.php/blog/show/my-8x16-led-matrix