if phpbb wasnt so frikin easy to hack, then i think it would be among some of the best forum software. but its go too many flaws and too many internal exploits. SMF and IPB are also some of the most secure board software out there.
I've used phpbb3 and i would have to say that vBulletin comes in ftw.
Its really a matter of functionality, and great interface, and vBulletin scores 10 on all of these and much much more.
As said before, you get what you pay for. simple and clean.
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