I have this problem still. I replaced the belt with a Toyota one, and I'm between a rock and a hard place.
If I loosen the belt the AC compressor wont chirp when it engaged, but I get constant belt squeak. If I tighten the belt I can make the belt squeak go away, but then the AC compressor (or something) will chirp whenever it engages.
I adjusted the belt tensioner with the skid plate off and the engine running, I only did what was required to make the belt squeak go away. And the belt seems quite tight to me.
Either I glazed the belt when I installed it, or the AC compressor clutch is worn out. It doesn't look misaligned to me. Should I try a belt dressing or a different brand of belt?