Putting aside the question of whether it will continue to work, even somewhat, against botnets, I find your first paragraph confusing.

Reload loops, or being able to "bypass" anubis (unless you merely mean bypassing it for the token validity period by solving a challenge), sound like misconfigurations. There's no reason for anubis itself to cause reload loops; it's tricky to configure a webserver to use it in some scenarios.

Any ability to bypass anubis probably means the site is using it in auth/challenge mode only, and then misconfigured their webserver's auth checking. Or it's a bug. If you mean the double-spend tavis mentioned in his blog post which previously made the HN frontpage, that was patched right after it was reported to the maintainer almost a year ago.