If I start the game with the launcher set with login as "None/Manage accounts" the game starts normally and shows the prompt where I can choose my login or create a new one. I can create as many local logins as I want, and it works every time.
But if I try to create a new online account, the game tries to connect to the login server for like forever, so I have to shut it down manually.
If I start the game with the login set to an existing one, the game tries to connect to the login server, so I don't even see the title screen.