What I suggest is using VB4 until VB5 is further in development. If you are going to be running a large community then go for VB4. If you are use the software for personal use then go VB5.
What I did is run two vbulletin boards (though only one viewable):
I use my VB4 for my community/business
I use my VB5 for to test out the mods that the coders are posting and checking out the new features or bugs that have been fixed (Keeps me up to date with it). So when VB5 seems worthy to upgrade to then I will upgrade but until then I won't.
^I am pretty sure vbulletin won't have a problem with this. Usually you can't run two boards with the same license but within reason you can. Such as testing out the new vbulletin 5 connect software.
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