See this announcement by psoTFX. For all of you waiting for the phpBB 2.2 beta, here it comes - followed by a release, obviously.
So, does anyone here plan to use 2.2? I know that I'll be upgrading my board ASAP for the style and user improvements plus all of the other great features that'll be included in the final release.
2.2 may put phpBB on top of... err... vBulletin in some regards - you may get nearly as much with phpBB 2.2 as you do with vBulletin, but for a couple hundred less. We'll have to watch & wait.