Perl (*nix), 54 bytes
sleep print"\x1bc",$-++%2?'\o/
_0_
':'_o_
0
/ \
'while 1
(\x1b
is counted as 1 byte but escaped for easier testing.) The above has been tested with Bash and shortened by another byte thanks to @Dennis@Dennis!
Perl (Windows), 56 bytes
sleep print"\x1b[2J",$-++%2?'\o/
_0_
':'_o_
0
/ \
'while 1