Nag and reminder: http://wpdocsteam.wordpress.com/2011/05/04/updating-the-wordpress-loop/ is still needing updating desperately to meet new standards and structures.
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TECHNICAL WORDPRESS CORE CODE EXPERTISE
We have The Loop and The Loop in Action. While these are still valid, they don’t take into consideration the new hooks and links to the functions.php available in WordPress Themes. Can we update these as is appropriate for each with links to articles on functions.php and related hooks? Do we need another article going in depth on functions.php and hooks in the Loop?