I guess I just don't see a particular problem with having a part of the universe really being @%%@ed up like that.
What I think is more likely is that the universe does not actually divide by zero, and the singularity is a gap in our knowledge. Gaps in knowledge are the problem of science, whose function is to fill them.
[edit: sorry, the formatting of links and italics in this is all screwy. I've tried editing both the rich-text and the HTML and either way it looks ok while i'm editing it but the formatted terms either come out with no surrounding spaces or two surrounding spaces]
In the latest Rationality Quotes thread, CronoDAS quoted Paul Graham: