No, there's no loophole. The language filters with the new software isn't as aggressive as the old site was. Even after tweaking it, the new censored word list contains but a small fraction of the words contained on he old list. We loosened up the censored word list in order to let conversations be more natural, relaxed. But that doesn't mean it's open season on potty-mouth language. For example, instead of Ragman having to resort to showing his azz or his donkey, he is now free to show his ass instead, but if he calls someone else an ass it could be a problem, depending on the context. Certain words are going to be caught by the censor filters, and if you circumvent the filters in order to post them, including posting a picture of a word you can't type, it's probably going to get Moderated. Words which are no longer censored might still be Moderated, but it just depends on the context, rather than the word itself.
It's a kinder, gentler, more laid back EO Forums, but just the same, you can't go and **** all over the place.