A quick guide to configuring the Loopback check
By Anatoly Mironov
Great tutorial how to configure the loopback check on a dev machine. Exactly what I needed for a month ago. Pity that this article came after that. :-) Here is the command to disable it completeley:
\# Disable Loopback check http://support.microsoft.com/kb/896861 #
New-ItemProperty HKLM:\\System\\CurrentControlSet\\Control\\Lsa -Name "DisableLoopbackCheck" -Value "1" -PropertyType dword