Everything is back up right now. Might be doing some maintenance on Monday night to do our best to further stabilize things.
Some servers have made 1.7.8 compatible with 1.7.4 but I'm not sure if Collin / Drtshock can do that. I'm sure it's possible though!
You will need to request a transfer of your timeless rank and MineTime build team though. So I am not changing my IGN