hope you dont mind but i have edited the forumhome html code so it use's the vb3 open and close buttons so people can hide it if they want.
Code:
<if condition="$vboptions['shoutbox_forumhomeshouts'] == 1">
<!-- shoutbox hack (by squall14716) -->
<tbody>
<tr>
<td class="thead" colspan="2"> <a style="float:$stylevar[right]" href="#top" onclick="return toggle_collapse('forumhome_shoutbox')"><img id="collapseimg_forumhome_shoutbox" src="$stylevar[imgdir_button]/collapse_thead$vbcollapse[collapseimg_forumhome_shoutbox].gif" alt="" border="0" /></a>
<a href="shoutbox.php?$session[sessionurl]">Shoutbox - <if condition="$vboptions[shoutbox_numberofforumhomeshouts] == 1">Latest
Shout<else />Last $vboptions[shoutbox_numberofforumhomeshouts] Shouts</if></a></td>
</tr></tbody> <tbody id="collapseobj_forumhome_shoutbox" style="$vbcollapse[collapseobj_forumhome_shoutbox]">
<tr valign="top">
<td class="alt2"><a href="shoutbox.php?$session[sessionurl]"><img src="$stylevar[imagesfolder]/icons/icon2.gif" alt="" title="(temporary button) Enter the Shoutbox" border="0" /></a></td>
<td class="alt1" width="100%"><span class="smallfont"> <if condition="!($permissions['shoutboxpermissions'] & SHOUTVIEW) || $bbuserinfo['shoutbanned'] == 1"><b>$noviewperms</b><else />
<hr>
$latestshouts</if> </span></td>
</tr>
</tbody>
<!-- end shoutbox hack (by squall14716) -->
</if>