1. Yes, but this may change as vBulletin 3 comes along and the system goes under some changes.
2. No, after your license expires you must renew it or stop running vBulletin. A few days is ok, but not weeks let alone months.
3. You can pay $85 within 30 days from the day you purchased a leased license and upgrade to an owned one. This offer only lasts 30 days, though.
4. No, you may only install vBulletin once per license. You can setup a redirect HTML page in /messageboard that will point to /forums, but vBulletin may only be installed once.
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