Just checked, my old login and 2-factor authentication worked. I also had all my funds (LTC and USD) visible on my user. Will they later remove 45% of the funds and replace it with random crapcoins, or what's the deal now?
My balance is restored in full, to how it was just before they went down. I think in the next couple of days BTC-E will take the time to incorporate their debt tokens, and from there indeed remove 45% of your initial funds, and replace them with these debt tokens. After that it's up to you to do whatever you want with these tokens. I personally will not mind taking a hit of 10% in case I end up selling these tokens below their supposed issue value. I just want to get everything of value off that exchange as soon as possible. Added benefit is that they at least are fair enough to hand us over our BCC's as well. In my case it's 5BCC, which at their current market value equals 0.625BTC.