Ouch - it seems like your perspective has worsened/hardened over the past year. Care to elaborate?
My perspective has gotten worse. I think the fundamental problem is that the twin cities has a small legal market. The U makes things worse by not looking out for its students though. The constant tuition increases, the changes to the honors system, the large class sizes, etc.
It is still a buyer's market when it comes to employment. Moreover, MN firms operate on a low-cost model, so they simply don't hire as many people to begin with compared to their "peers" in Chicago, New York, and elsewhere.
If you're the "right" candidate- IE you have a science background or can bring some kind of recognized diversity to an employer, UMN is a great place to go, but if you don't fall into one of those categories my honest advice is to stay away. If you are not in the top 25% the odds are stacked against you. Even if you are in the top 25%, I know a bunch of those people who struck out at OCI anyways- more than who got jobs.
I'm in the middle of the class, have approximately a half-tuition scholarship, I live in a low-cost place, and I'm a native Minnesotan. Basically, I am the typical, average law student here. I haven't been able to get anyone to give me the time of day yet. Lawyers are more than happy to network or whatever, and they are all looking to help, but when push comes to shove nothing ever seems to work out.
Moreover, the school tries to game the UNSWR rankings by admitting huge numbers of transfer students who a) crowd the market even further and b) hurt your class rank because they escape the 1st year low curve, and are only graded on the 2nd and 3rd year inflated curve.