Yes, it's true. Apparently some turkish hackers group (confirmed via their routed IPs - both in turkey) found an Vbulletin Exploit (the forum software) and was able to wreak havoc on my day.
They were NOT able to penetrate the server itself, but rather the entire exploit was using the tools provided through the forum software.
So, i was on the road today and have only now been able to deal with this.
But first I had to get my account re-established. And then the laborious procedure of redoing all my template mods.
I have take further actions at the router level to restrict access to the admin sections to my specific IP only now. And since I am certain they didn't penetrate there server I believe this will end their ability to do much here.
But with things like this you have to wait for the hole to be exploited usually so you can see it and plug it up.
Extra hard when you didn't write the forum code yourself. Cleaning up someone else's mess is always 10x as hard.
Hopefully we won't be seeing them again.
Alex
(ps... now I want to know who turned some turkish hackers onto my forums )