I have the SAME problem man. It’s so weird, because I have two wp installations, and one of them works, one of them does exactly what you have described, I’ve tried restarting the server adn clearing the cookies, etc, you know what I think it is though, I think its something with teh db (and no I Don’t mean the site address, Ive created that) I think something else is goin on, I’m just gonna reinstall wp and put my customizations back on.