We’ve found the problem and it’s fixed, it was in the file style.php was not rendering the options saved in the theme options.
Now you can see the hover effect, and the apply Styles to menu items.
Also, expect an update later today with the footer feature ( removing footer when no widgets are assigned) 😀
Please mark this topic as closed if you confirm that the problem is fixed.
and feel free to rate Circle Flip on themeforest.net 🙂