Your talking of different tool!
Extrude and poly extrude are 2 different things (they work in different direction extrude and maxs loft works by dragging along and poly edge extrude and face extrude works by pushing outward)!, and yes extrude has a problem. BUT this has nothing to do with the maxs loft function. Or this particuler problem either. Its not the same syptom.
Its differet tool, but yeah you could do this in the same fashion. Same problem persists tough. And yes thatway max can circumvent the problem if done thisway, your right. IN fact thinking thisway its rather easy to device a tool for this.
Must look into it. Thankyou for kicking be in the back to se the other way around, i offcorse used this to kick someones but 1 month ago but..
Also the extrude bug only happens if the last point is at the croner. And its closed so using polygonal geo like max uses 99% of the time would meakke it easy to avoid entirely unless ones realy stupid. (or does not know off the bug, wich amkes it stupid only untill youve done it once)