This would be awesome if it would create a news bulletin based upon vbulletin content.
But I am afraid that its only giving access to the email addresses of your members. vbulletin already has a userCP field where members can select if they want to receive email from the administration. I don't understand why this hack needs a second field.
I don't think the automatic bounced management, handles vbulletin email (subscriptions, etc), so while bounced email gets handled within active campaign, it does not affect your normal vbulletin email. This could result in a lot of problems because you would likely keep sending vbulletin email to the same bounced addresses, until you get banned from large email providers.
Active campaign is quite expensive, but since AFAIK there is no email marketing / newsletter application that has real vbulletin integration and complete bounce management, it would well be worth it, if this would be offered.
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