vB5 is very new, and as I understand it, essentially rewritten software. Many of the coders from the vB3/vB4 days are no longer developing for it, and the current version is pretty much considered too new and buggy to invest too much time in just yet. I'm also under the impression that it doesn't have a hook system yet, but maybe I'm looking at old info.
There's considerable bias against vB5 at this stage from the development community. Whether it's justified or not, it's had an effect on the number of mods available, and the number of coders stil on vBulletin.
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