The workers have been working desperately to carve a new road around the area. Several of my friends have crossed the area on foot. This was not an easy trek but to my knowledge none have been lost to the canyon below.
The Governor of Tungurahua announced that the road would be open for traffic this weekend but the people in charge of the construction work said that the task is very complicated and he could not give a completion date, but he was sure that it would not be this weekend.

There is another option. I just got an e-mail form my friend Lorenzo who stayed a couple of days in Salasaca and then returned to Quito. He told me he was now in Baños. He left Quito at 8 AM on a bus to Tena. After a six hour trip on a very rough road. he caught another bus to Baños via Puyo....another four hours. So it can be done, if you have the time and the desire to make the trip.