That's 100% acceptable man, I've had quite a bit of schoolwork as well, but I'm not quite as high up into the school ladder as you are.
I've been fiddling around with modding showdown myself, and if you make a dropbox or something I should be capable of helping. As for hosting a server, I can't have my ports open now, but if I get a job in the summervacation I might get enough money to rent a server for a while. Connecting to the server is possible through hamachi.
Check these groups out: Pokemon Metagame Redesign, where I diversify and improve every single pokemon and create a new, fun, and exciting metagame. And NEMEP, a project where we create a new metagame from scratch, with completely made up new Pokemon, similar to CAP.