Just a thought, but it would be handy to put a couple of tracking urls on various pages throughout your site. You need to find out if people are leaving before they even get to the shopping cart, in the middle of it or at the end. This is going to tell you quite a lot about where to start looking for trouble spots. If for example you find out that half of your customers abandon their carts at the shipping page, you know that either the information isn't clear or the shipping could be too high as an example.
A couple quick comments, I found that the 'continue shopping button wasn't immediately obvious. It should be right beside the 'check out' button. I also found that after I clicked that button that it wasn't obvious that I actually had a cart or anything in it. I think you need to have something at the top that says something along the lines of "You have X items in your cart totalling X dollars" - otherwise people forget about that neat item they just added to the cart.
When I did click on "check out" I was presented with a login screen. The login screen was a little confusing, I wasn't sure if I could actually place an order without creating an account or not or what I had to do. A sentence or two here explaining each option underneath it would help.
Ok, I found a major sticky point (for me anyways). It is my opinion that I should never have to fill out a whole account form complete with shipping & billing addresses without knowing shipping first, or at least an approximate amount. When I have to do that I pretty quickly lose interest in filling out a whole form just to find out the shipping cost.
Anyways, just a couple of thoughts. I suspect that with the nature of your cart there are a few things that you're not going to be able to change all that much. You might be able to add in the approximate weight of each item in your description though, maybe with a little table of average shipping costs on a linked page or something like that? I think even an approximate cost is still better than nothing before going to all the trouble of filling out forms.
Hope that helps a little.
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