The hack violates the license because it is considered leasing out the forums, from what I remember. You can't run something like ezboard allowing people to run their own forums off your vbulletin license, using their own look and feel.
You CAN allow your users to set up private subforums and use member groups as long as they can't change the style, logo, etc. It has to appear to be one site.
At least this is my understanding of the rules.
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