hey gang, here's the scoop...
The site went mainstream way faster than we were hoping and we weren't prepared for the traffic. Everyone on the site knows what a pain it is getting 502 errors all the time. So, we are working on setting up an even more secure server that can handle all the traffic as well. Once we get that set up, and make some more improvements here and there, we'll be opening back up, whether by invite, open registration, or whatever.
For everyone pissed at us, we just want to offer our sincere apologies. We really didn't expect all of the media to catch on so quickly, and we should have been prepared with a semi-closed system. We'll do our best to get out of the spotlight and hopefully the merits of Bitcoin will become the focus.
Also, if there is anyone out there locked out of their accounts with bitcoins in them, pm us here with "bitcoins in account" as the subject. Please don't pm for any other reason.
This is fun, love you guys/gals

Thanks for the update Silkroad! Looking forward to getting access when all the changes are made :-)