If it was a big enough forum, sure.... Just the same....
The main forums would have the member info, the current posts, and even the scripts that search and serve the data from the "archive" database.... This would be on the same domain.... Why would that require 2 licenses?
It is just a "LITE" version of old posts inside of the main vBulletin forum in a read only format, right?
The advantage has to do with the amount of time the server would need to spend pulling up the thread info, post info, or just handle the database in general.
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