I just started a clean install of WPMU 2.7.1. Everything seems to be working. But it looks like the code needs stripslashes() or something on the Site Name.
In Site Admin/Options I try to make the Site Name Fred's Books but after saving the page it always displays as Fred\'s Books.
Anywhere the Site Name appears, such as the footer on the home page, it also shows with the back slash. (This is happening with the default theme.)
In Settings/General the Blog Title works properly with single quotes.
Anyone know where I have to fix the code to remove the slash?