do_last: unify may_open() call and everyting after it

We have a bunch of diverging codepaths in do_last(); some of
them converge, but the case of having to create a new file
duplicates large part of common tail of the rest and exits
separately.  Massage them so that they could be merged.

Signed-off-by: Al Viro <viro@zeniv.linux.org.uk>