The vB4 CMS is one of the most popular parts of our site. With some customization, it really can be a powerful & attractive feature. We've been happy with 4.2 - no bugs or anything like that. The only hack we experienced seemed to be unrelated to vB. I'd personally recommend it, but if you have no complaints with 3, then why not stick with it (like vB.org has done) - I think it's a bit faster than 4 as well.
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