If you're basing your software on vbulletin you would have to leave the vbulletin copyrights where they are. I also don't think you'd be able to redistribute their software that's been edited and renamed. Unless you got specific permission like if you were porting it for other operating systems, then you'd probably have to join the vbulletin team in order to be allowed to do it. However whether they're interested in doing that I don't know.
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and i can modify vbulletin in anyway I want and make it into a different way than it was orginally was made.
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You can't actually do that anyway, you're not meant to edit copyrights etc unless given permission.
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That bit down the bottom.