Currently, yes, the 2010 Roth-conversion loophole is an option. Keep in mind though that the tax law can change again. Also be sure to read the section under "Implications":
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Will you barely be above the income limit, or are you substantially over the limit? If you're barely over the limit, you might be able to do some things (for example, contribute some extra to a 401k) to lower your taxable income and get yourself under the limit.