It still loops endlessly... but, you can go to just plain me.com, and sign on. Not bad, but they have some very annoying popups that urge you to fill in various items in your profile, or to chat, etc. Grumble, grumble.
Worst of all, when I tried it this morning, it insisted that I install Flash version 8. This Linux user would love to, but Adobe/Macromedia haven't yet seen fit to release a new version of Flash; we're still stuck with version 7.
(Hmmm... I should see whether some SL tailor has a version of the BSD daemon outfit that one young woman wore to a conference.)