Um... I think there was something on the old boards about silly opers running around with really long hosts crashing peoples mIRC (I think it was when people tried to /ban them - which may be in some way related to the USERHOST overflow fixed just recently). I can't remember any specifics either, and may be totally off track.
If it was on the old boards though, one would think it would have been fixed in 6.1 or earlier.