One can write the log of the product as
$$\sum_{n=2}^{\infty} \left [1+n^2 \log{\left (1-\frac1{n^2} \right )} \right ] $$
Now,
$$\log{\left (1-\frac1{n^2} \right )} = -\int_0^1 \frac{du}{n^2-u} $$
So the sum is equal to
$$-\int_0^1 du \, u \sum_{n=2}^{\infty} \frac1{n^2-u} $$
$$\sum_{n=-\infty}^{\infty} \frac1{n^2-u} = -\frac{\pi \cot{\pi \sqrt{u}}}{\sqrt{u}} $$
We get that the sum in question may be written as an integral:
$$\frac12 \int_0^1 du \left (\pi \sqrt{u} \cot{\pi \sqrt{u}} + \frac{2 u}{1-u} - 1 \right )$$
Manipulate a bit and sub $u=v^2$ to get
$$\int_0^1 dv \left (\pi v^2 \cot{\pi v} + \frac{2 v}{1-v^2} \right ) - \frac32 $$
We evaluate the integral by simply evaluating the antiderivative and using the Fundamental Theorem. Using the fact that
$$\cot{\pi v} = 2 \operatorname{Im}{\left (\frac1{1-e^{-i 2 \pi v}} \right )}$$
and integrating by parts, we find that
$$\pi \int dv \, v^2 \cot{\pi v} = \frac{i v \text{Li}_2\left(e^{-2 i \pi v}\right)}{\pi}+\frac{\text{Li}_3\left(e^{-2 i \pi v}\right)}{2 \pi^2}+\frac{i \pi v^3}{3}+v^2 \log \left(1-e^{-2 i \pi v}\right) + C$$
$$\int dv \, \frac{2 v}{1-v^2} = -\log{(1-v^2)} + C$$
In taking the integral from $v=0$ to $v=1$, the $\text{Li}_3$ term vanishes. The other terms vanish at $v=0$, so we need only concern ourselves with the limit of the sum of the expressions as $v \to 1^-$. We get, as the limit,
$$\frac{i \pi}{6} + \frac{i \pi}{3} + \log{(-i 2 \pi)} - \log{2} = \log{\pi} $$
(NB $\text{Li}_2(1) = \pi^2/6$.) The log of the product is therefore
$$\log{\pi} - \frac32$$
From this, exponentiating produces the original result.