If your T60 has been hacked with 2.5Xtreme then you'll need to change the baud rate setting in your terminal program to 115200.
The reboot loop could be caused by any number of things. The first thing I'd check is the ribbon cable between the mainboard and the power supply. Pull the cable free at each end and clean the contacts thoroughly with a good pencil erasor. Flip the cable end for end and make sure it's fully inserted into each connector. A pair of needlenosed pliers works well for seating the cable without creasing it.
You should check any other cables to make sure they're fully seated as well. Check the fan and make sure it's plugged in and working and the drives are spinning up.
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