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The latest stable release of v Bulletin 3 is 3.8.11 which was released on 10th May 2017, and is a maintenance and compatibility release (for PHP 7.x compatibility).v Bulletin 4 was described in this announcement as "an extensive rewrite of the v Bulletin system.
v Bulletin 3 was under development for nearly two years as it went from a mere improvement on v Bulletin 2 to a complete rewrite.
On 29 October 2010, Internet Brands filed a second lawsuit in the United States District Court for the Central District of California through its wholly owned subsidiary v Bulletin Solutions, Inc.
against Xen Foro Ltd., and its founders Kier, Mike and Ashley.
When this version was released, it had numerous new features over v Bulletin 1, which it replaced.
Improvements include private messaging between users, attaching polls to threads, unlimited forum nesting, user avatars, and a user control panel. Initially, version 3.0 was intended to be an extension of the 2.x release that would improve performance and user experience.
During this time Jeremy Hutchings joined the development team, a.k.a. However, version 3 was finally released in March 2004.
In 2005, v Bulletin 3.5 was released that addressed some of the shortcomings of 3.0 (discussed later on).
Rewriting the entirety of the product, v Bulletin 2 commenced development.
Shortly thereafter, Limm became the managing director and Percival the lead developer.
Initially, it was designed solely as a rewrite of UBB, in PHP using My SQL, and was meant only for their own forum.
Other UBB owners expressed interest in the solution, and they offered to sell it to Infopop, but their proposal was rejected.
As their site grew, they noticed that their software, written in Perl using a flat-file database, could not always cope with the number of users they had.