Rewriting the entirety of the product, v Bulletin 2 commenced development.
Shortly thereafter, Limm became the managing director and Percival the lead developer.
Percival decided to step down as lead developer and product manager, turning his roles over to Kier Darby.
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.
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).
Since the initial release of the v Bulletin forum product in 2000, there have been many changes and improvements.