Cobaltdream, that is one of the best assessments of V4 I've read.  You bring up a lot of things that I "felt", but couldn't quite put my finger on.

A lot of what I initially really liked about V4 is becoming less and less important.  I liked the facial expressions (the millenium figures just don't do cheeks, V4 full morphs does, a much needed add!) and I liked the improved bending.  In the end, I don't like her face enough (no matter how I spin the dials!) for the expressions to matter and I rarely bend my characters as drastically as you need to for the difference in meshes to matter.

Patorak, your adventures in remapping sound very interesting.  It is unfortunate you couldn't get it to come to fruition with full face-room and morph support.  In the end, I think it would have been nice to have a character that could have the "best of both worlds" (V3 textures and Face Room).

I'll be interested in seeing your results with you new character.  Good luck!