The first day of testing I\'d got stuck at the tavern, psclient terminated itself after a few minutes with no explanation. Couldn\'t connect again.
So yesterday I started at the same spot. Took almost 5 minutes to connect (usually about 20 seconds). And yes, I was stuck again for as long as it took me to type /spawn. Even the chatbox responded slowly.
After some running around I got stuck again near the spawn point at the plaza. And one more time, a while after that it froze again when I was out of town, behind the high walls. Only a very few polygons and no players around, so I doubt it was my hardware. FPS dropped to 0.02, but traffic monitor flashed like crazy, so there still was some communication between me and the server. And I\'m sure it was psclient.
BTW: Athlon 1.33GHz, 512MB DDR, 32MB ATI Radeon, connected through LAN, 192/256 with firewall Zonealarm.
I run Planeshift in the window mode, 1024x768, 16-bit.
Any other application (dictionary, browser...) runs smoothly, even at the moment when Planeshift freezes.
I have complained enough for the moment.

Good luck.