diff --git a/[refs] b/[refs]
index b78a566b1185..28a76d532e12 100644
--- a/[refs]
+++ b/[refs]
@@ -1,2 +1,2 @@
 ---
-refs/heads/master: 4ae289444b968b4cefd776ada8da519ce10e56fa
+refs/heads/master: 9d6dda32c7570bbf189cf74fbc36338d0a94e999
diff --git a/trunk/drivers/net/loopback.c b/trunk/drivers/net/loopback.c
index be25aa33971c..662b8d16803c 100644
--- a/trunk/drivers/net/loopback.c
+++ b/trunk/drivers/net/loopback.c
@@ -265,17 +265,16 @@ static __net_init int loopback_net_init(struct net *net)
 	if (err)
 		goto out_free_netdev;
 
-	err = 0;
 	net->loopback_dev = dev;
+	return 0;
 
-out:
-	if (err)
-		panic("loopback: Failed to register netdevice: %d\n", err);
-	return err;
 
 out_free_netdev:
 	free_netdev(dev);
-	goto out;
+out:
+	if (net == &init_net)
+		panic("loopback: Failed to register netdevice: %d\n", err);
+	return err;
 }
 
 static __net_exit void loopback_net_exit(struct net *net)