The loading screen issue is not exactly what you think. You move around 5 different areas, each with a map and it's own goals. To move from one to the other, you end up going down a big tunnel with some ramps. Tight little tunnel for a minute or two and then you're in the next area. It's loading, but you get a little play area with some ramps while you go from one area to the other.
Overall, the game is ok. If you like the other TH games and have played some of them, you know exactly what you are getting. I played through the 5 or 6 old school classic boards where you have a list of goals and 3 minutes (spelling SKATE, Finding tapes, getting specific scores, etc.). The old Chicago skate park from the first game is on here which is cool.
I bought the 360 version off ebay for $33 shipped. Check there for cheap copies.