I don't know of such a plugin for jQuery, but writing the user-interface is quite simple.
(Edit: Actually I just thought of a place where I could use this feature myself. I might just as well write a proper plugin based on this next week if I have the time, and edit it here. For the time being, below is what I originally posted...)
All you need is a couple of divs:
<div id="thebutton">Click me!</div>
<div id="thebox" style="display:none;">Content goes here</div>
And some jQuery:
<script type="text/javascript">
$(function () {
$('#thebutton')
.click(function () {
//Show/hide the box
$(this).toggleClass('activated');
$(this).hasClass('activated') ? $('#thebox').fadeIn() : $('#thebox').fadeOut();
})
.mouseenter(function () {
//If the button is .activated, cancel any delayed hide and display the box
$(this).addClass('hovering');
if ($(this).hasClass('activated')) {
$('#thebox').clearQueue().fadeIn();
}
})
.mouseleave(function () {
//Hide the box after 300 milliseconds (unless someone cancels the action)
$(this).removeClass('hovering');
$('#thebox').delay(300).fadeOut();
});
$('#thebox')
//When hovering onto the box, cancel any delayed hide operations
.mouseenter(function () { $(this).clearQueue(); })
//When hovering off from the box, wait for 300 milliseconds and hide the box (unless cancelled)
.mouseleave(function () { $(this).delay(300).fadeOut(); });
});
</script>
The rest is pretty much just CSS for #thebutton, #thebox, .hovering and .activated.
Here's a spartan look I used while writing this:
<style type="text/css">
#thebutton { width: 100px; background-color: #eee; text-align: center; padding: 10px; cursor: pointer; }
#thebutton.activated { font-weight: bold; }
#thebutton.hovering { color: Blue; }
#thebox { background-color: #eee; position:relative; width: 300px; height: 200px; padding: 10px; top: 5px; display: none;}
</style>