looks like the old template does work as pyro mentioned, not sure what orion and wammie are talking about. Perhaps there are other problems but I am unsure.
Yes, there were numerous problems from the Admin perspective and shortcomings as far as security.
Paul, I had created a red_silver theme which would've served as an intermediate red template - THIS IS MENTIONED IN A GLOBAL ANNOUNCEMENT - and I spent a LOT of time creating the custom menu and banner image. Why did you do an install over what I had created, and wipe that out?
Also, perhaps you didn't see my bulletin board post before you went ahead and implemented a solution, but I did say I was working on it and would have something in place soon. Please remember our "be excellent" policy and our admin policy of not making significant online structure changes without giving your fellow admins a heads up.