Nice execution. We had a similar idea called http://www.pinchthelook.com but for women. The feedback was great and people 'loved' the site but ultimately we couldn't get to a scale where there was enough traffic and clicks to make it worthwhile. Engagement isn't fantastic since it's more of a quick browse and if I like something click away from site.
Perhaps this idea will work better for Men as they probably need a bit more help in piecing together a look (more often than not) ;)
Nice looking site. As far as traffic goes, perhaps you might want to re-consider your page titles/headers as well as include more content with targeted keywords. I can't imagine many people are searching using terms like "short and sweet". Also, your content is quite sparse when it comes down to it, which means there's really not a whole lot for search engines to index.
Perhaps this idea will work better for Men as they probably need a bit more help in piecing together a look (more often than not) ;)