Repairing my client right now to see if the issue fixed itself.
Basically I qued up for ranked got to 9/10 people and it hung there after the time out, I restarted my client thinking that it just froze up and it took me to the reconnect screen. Thinking I missed a couple bans, I restarted my client several times and even restarted my interwebs and nothing happened; just kept taking me to the reconnect screen. I just went and smurfed and it allowed me to play a game on my other account.
EDIT: nope still does not work after repairing. I may try restarting and stuff to see if that works. This is kind of annoying.