ZillionBits-Its about number$ and te<h^0!0gy

According to the Google Analytics “sign up” page, they have temporarily disallowed people from signing up. They also removed the “Add new profile” link from inside analytics which previously allowed a single account to track up to 40 different Web sites. With 234,725 Analytics accounts created (and probably over 200,000 additional profiles), Google has went from tracking zero to almost half a million in about a week, this hack works only for existing signed up users who would like to create new profiles

here is a hack to create new profiles , follow this link to create new profile
I used this link to create 2 more profiles after google disabled the create new profile like, let me know if it works for you