(Click to enlarge)

Sigh. Look, almost EVERYONE cares what a mesh looks like out of the box.

Judy is the best example for that. Her mesh was superior to V1/2 and she came FREE with Poser, but she got completely ignored because she looked like crap.
(And all you need to do to make her at least decent looking is to apply the standard face-room face to her. Takes about 2 minutes.)

MIKI on the other hand is rigged and modelled like crap, but people still love her because she is cute.

V4 is definitely not as ugly as Judy, but she's far from being as cute as V2 or MIKI, or even V3.
She has a long, cow like face, a flat forehead, and oversized eyes that really don't match the rest of the face.
It's almost as if someone gave her that big child or Anime like eyes, and then got scared and made the rest of the face intentionally "adult" so that noone could accuse her of looking underage.

And while V3 might also not be THAT pretty out of the box, she easily can be made into a stunner with just a few dial spins. And that's where V4 really fails miserably, because each of her default "face morphs" looks even worse than the other.

Having said that, just like any other mesh out there, V4 of course CAN be made pretty, but it really takes a bit more effort than just spinning some dials.
(See attached pic. Morph made with magnets and ZB 2)