Can't say this is the issue currently, but in the past Moe's Tarverne has been hit with DDoS attacks. It takes the website down, and since the launcher connects to the website for a server list, it also disables that.
If the launcher won't load a server list, the easiest workaround (besides maybe making a shortcut to your executable), as you noted, is to just right-click on the launcher's background and select the one along the lines of "Launch EQ only". I'm at work, so can't verify that's the actuall text for the selection. There was a patch recently, and since the launcher isn't working, you'd have to manually update it. There should be a link in the patch notes with the files.
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