Yeah, I know its still there. I'm 6'4" and it comes up to my chin standing up. But, a whole race full of people managed to duck under it. So, its not exactly inhibiting anything. I had ridden the course a couple days before the race and there were a couple of other trees that seemed like they would be more of a PITA on race day, 1 on Sitting Bear and 1 on Cherry Ridge.
After doing the race - now I know the tree you are talking about. As it is there is no worry unless you are 7' tall.