As a free thing I would love a no-magnet version of V4 even without morphs but I imagine a commercial version would need to have the more popular morphs converted. You could maybe get around this for a product if you added body handles to use in place of the morphs for shaping the buttocks/thighs and maybe breasts.

Myself I use mainly heavy, pear shape, young, thin and the breast morphs and lately the male, but I imagine other people use voluptuous and stuff like that. I also use a genital morph set for the hips because I don't really like prop genitals for female figures. I think the Poser 2 Nude Woman worked well with texture genitals because of the hip arrangement but even  with morphs the V4 groin area looks odd to me.

I would use it for nude stuff but I imagine if it was a popular figure you could get Wardrobe Wizard support for the clothes. I think most users still prefer conforming over dynamic clothes although I have some pretty decent dynamics I could use for pinup type stuff.

Really those V4 magnets take a toll on my system.