diff -ur etc/init.d/net.lo etc/init.d/net.lo
--- etc/init.d/net.lo	2006-12-18 11:35:25.000000000 +0200
+++ etc/init.d/net.lo	2006-12-18 11:37:47.000000000 +0200
@@ -667,7 +667,7 @@
 	local -a config=() fallback=() fallback_route=() conf=() a=() b=()
 	local ifvar=$(bash_variable "$1") i= j= metric=0
 
-	interface_exists "${iface}" && interface_up "${iface}"
+	! is_loopback "${iface}" && interface_exists "${iface}" && interface_up "${iface}"
 
 	# pre Start any modules with
 	for mod in ${MODULES[@]}; do
@@ -676,7 +676,7 @@
 		fi
 	done
 
-	interface_exists "${iface}" && interface_up "${iface}"
+	! is_loopback "${iface}" && interface_exists "${iface}" && interface_up "${iface}"
 
 	x="metric_${ifvar}"
 	# If we don't have a metric then calculate one
diff -ur lib/rcscripts/net/ifconfig.sh lib/rcscripts/net/ifconfig.sh
--- lib/rcscripts/net/ifconfig.sh	2006-12-18 11:35:25.000000000 +0200
+++ lib/rcscripts/net/ifconfig.sh	2006-12-18 11:37:11.000000000 +0200
@@ -430,14 +430,6 @@
 		config=( "${config[@]//peer/pointopoint}" )
 	fi
 
-	# Some kernels like to apply lo with an address when they are brought up
-	if [[ ${config[@]} == "127.0.0.1 netmask 255.0.0.0 broadcast 127.255.255.255" ]]; then
-		if is_loopback "${real_iface}" ; then
-			ifconfig "${real_iface}" ${config[@]}
-			return 0
-		fi
-	fi
-
 	ifconfig "${iface}" ${config[@]}
 }