From vBulletin.com:
Quote:
Originally Posted by vBulletin License Agreement
vBulletin license grants you the right to run one instance (a single installation) of the Software on one web server and one web site for each license purchased. Each license may power one instance of the Software on one domain. For each installed instance of the Software, a separate license is required. Modifications to the software or database to circumvent the one-license-one-board rule are prohibited.
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I'm uncertain, but
your suggested use of this hack may violate that rule (in bold).