Frontend Ajax call not working using wp_ajax, wp_enqueue_script and wp_localize_script

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Look at the top of your generated HTML source code. Are you seeing something like this:

<script type="text/javascript">
/* <![CDATA[ */
var MyAjax = {"ajaxurl":"http:\/\/localboast\/home\/wp2\/wp-admin\/admin-ajax.php"};
/* ]]> */
</script>

wp_localize_script now escapes whatever you pass into it. So that the problem I have.