Well obviously you'd have to change the path/to/your/forum in your vBulletin Options panel after you've moved, but there's nothing fancy that needs to be done -- no special SQL Query needed or anything like that.
A few weeks ago I moved my forum from mysite.com/forums to it's own domain: forum.mysite.com. I didn't do anything, aside from get a tall glass of iced tea while I waited for the files to move...
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