I like it. It instantly rings a chord with me - a penis hound would be someone constantly looking for cock. And although gay men tend to say dick and cock more than penis, I think it's still cool. I think it's a great name for a link list or a TGP. A lot of TGPs seem to have fun names with fun, cartoony logos. I think penishound.com fits in with that genre.

I wouldn't buy the domain, put up your Men's Niche template or feed the traffic to Men's Niche, I'd actually do something else with it.

dzinerbear