Hmm, I've got the same problem. I used to be able to play with the old patcher, and only freeze on the June update. I got the heRo full installer and updated my Sakray, and I still freeze after character select. Except now i cant play at all(with the old version that is).
Edit:: I don't know what I did, but I gave it another shot and it started right up. I retried the full installer and updating Sakray manually(it didn't seem to wont to update itself
) . It still didn't show a player count before i selected my character but it didn't freeze