Panels IPE Toolbar flashes on and off during use

The Javascript in this module is written such that whenever anything comes into focus (like a clickable element), the IPE Toolbar flashes on and off.

Here's an example using the same javascript found in the module: http://jsfiddle.net/g98o4yp6/

My proposed resolution is to remove the fading javascript altogether. If we want the IPE Toolbar to match the style of the Navbar, then why fade in and out? The navbar doesn't fade in and out.

If for some reason removing it isn't an option, we ought to implement more robust javascript for hover. One example would be to look in Drupal Core's contextual module, in contextual.js, to see what they implemented there.