I've been a lurker on this list for some time now, but since I just posted my first comment I figure I ought to introduce myself. I'm an American teaching in the journalism department at KIMEP, an english-language university in Almaty, Kazakhstan.
I have been looking for a CMS to use in order to set up a community website to include our student newspaper, community section, discussion, etc and perhaps another for our department. I am a newbie, having worked with MovableType, WordPress, and such, but never a full-blown CMS. After a few months of research, I've committed now to trying out Drupal for the site and am just about to install on our nascent site.
One quick question for the list: I'm planning to run 5.X, on the assumption that the most important modules will be updated relatively soon, and that 4.X will become outdated at about the same pace. For those with more Drupal experience, would you say this is a reasonable assumption?
Thank you for any feedback you offer. I will try to keep people posted on our progress, and most surely will have questions for this group from time to time.
Frederick Emrich

Comments
Yes
Perfectly reasonable. 5.x is the right choice.
Two useful links for you:
Drupal 5 module upgrade status: http://drupal.org/node/82257
The road to Drupal hell: http://drupal.org/node/77487
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thank you!
thank you!
I agree, go with Drupal 5.x
Drupal 5.1 (security update) is completely stable. You have all the modules you could possibly need, at least to get you started (and there is an exceedingly high degree of activity on module conversion) and most importantly, groundbreaking work means your best bet for off-the-shelf functionality and upgrade path for the future is Drupal 5.x
With Drupal 4.7.x you would be painting yourself into a corner, and for no worthwhile reason.
Victor Kane
http://awebfactory.com.ar
Victor Kane
http://awebfactory.com