Dead sure. There is a .htaccess file in my forum's root. It is identical to the one that came with the VB 4.2.2 download (in the \do_not_upload\rewrite\apache2 folder).
Code:
RewriteEngine on
# If you are having problems or are using VirtualDocumentRoot, uncomment this line and set it to your vBulletin directory.
# RewriteBase /forum/
# If you are having problems with the rewrite from content/ to content.php, uncomment this line to turn MultiViews off.
# Options -MultiViews
RewriteCond %{REQUEST_FILENAME} -f [OR]
RewriteCond %{REQUEST_FILENAME} -l [OR]
RewriteCond %{REQUEST_FILENAME} -d
RewriteRule ^.*$ - [NC,L]
# Forum
RewriteRule ^threads/.* showthread.php [QSA]
RewriteRule ^forums/.* forumdisplay.php [QSA]
RewriteRule ^members/.* member.php [QSA]
RewriteRule ^blogs/.* blog.php [QSA]
RewriteRule ^entries/.* entry.php [QSA]
RewriteCond %{REQUEST_FILENAME} -f [OR]
RewriteCond %{REQUEST_FILENAME} -l [OR]
RewriteCond %{REQUEST_FILENAME} -d
RewriteRule ^.*$ - [NC,L]
# MVC
RewriteRule ^(?:(.*?)(?:/|$))(.*|$)$ $1.php?r=$2 [QSA]
# Check MVC result
RewriteCond %{REQUEST_FILENAME} -f
RewriteRule ^(.*)$ - [NC,L]
RewriteRule ^(.*)$ - [R=404,L]
This is of course different to the VBSEO .htaccess file that used to be in my forum's root. Additionally, I can confirm that I have "Mod Rewrite Friendly URLS" turned on from my admincp.