Look, don't get me wrong, the P4B533-V is a good board. It's just that you can do better at this time.
If you want negative reports, look at the compatibility section of the Corsair support section at
www.houseofhelp.com. But the issues all revolve around the memory problem (which is the only problem that I have experienced or that I know of).
I am irritated because, even though I run my 1.8A at FSB=143 (CPU= 2.57GHz) and my memory at 3:4 (Beta Bios, 190MHz or DDR 380), I have to run my memory (Corsair XMS3000C2) at 2.5-3-3-6, whereas the P4B533-E will run it at 2-2-2-5, and the E will possibly support hyperthreading.
I am not using two sticks (single 512Mb!) but this is a problem for some people.
I could have achieved my memory performance with memory sticks a $100 cheaper than the Corsair. And it is not a Corsair problem but a P4B533-V one.
But this is being finicky, I'll admit that the board is very stable and is performing well. I won't throw a tantrum and will live with it because it's OK.
And I know that some people have managed to get the odd memory sticks that work well with the P4B533-V. But they were lucky, whereas almost everyone is "lucky" (and happy) with the P4B533-E.
All I'm trying to say is that if you haven't got anything yet, you can do better. The P4B533-E is excellent - so why the uncertainty?
My biggest problem is actually that I don't have a "B" CPU, because then I could push the memory speed so high that the fact that CL2 doesn't work on the P4B533-V would become irrelevant. So if you have a "B", maybe you shouldn't worry and just get the P4B533-V if you like it. Just remember the two stick problem, so get all that you think that you will need in a single stick (eg 512MB). This issue may be resolved in a future BIOS update, but there is no guarantee.
There is also a timing issue - new versions of both the 845E and 845G chipsets are out in about a month - when this will hit the street in new motherboards I don't know. But those will have official Intel DDR333 support (not that that matters, I am already running well over that) and will support hyperthreading. And the memory timing issue as in the P4B533-V will have been resolved.
But you can't wait forever, and just have to make up your own mind.
Just be careful with other and new variants - the P4B533-VM (micro-ATX) has many disadvantages, and you should check these out carefully.
Best of luck!!!
IN A NUTSHELL: It's a great board, just be warned that it has one or two little problems that you can work around if you are aware of them - like buying a "B" CPU, don't get CL2 memory but rather high speed memory (PC3200 or PC3500), and buy a single stick!!!
Update: Check out new P4B533-VT with Gigabit Ethernet, Serial ATA support, support for 3 gig and above Hyperthreaded CPU's, etc.
http://www.legionhardware.com/html/doc.php?id=207