I have never tried Loopt. I enjoy using Foursquare and, other than an occasional server issue, have not had any difficulty. I have signed in even when the app said I was 500 meters away (even though I was less than 50 meters away).
I dont have any "Loopt" friends so I've always used "FourSquare" but I like the loopt inferface and droid program a little more. I sent my friends with Droids/Iphones/PDA's invites so we'll see if it takes, if not i'll still be with foursquare.
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