I cannot say anything about vbulletin 4.0.
I cannot recommend Vbulletin 3.8. The templates are from the stone age. Everything is done with tables. It's very annoying.
And from what I;ve heard during the development phase of 4.0, everything is now done with CSS, which is not a good thing, either.
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ICQ 14-76-98 <-- I don't use this at all
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