With some luck I'll be sending you a beta of 5.0 to test with. I lost a full week and this week will still not allow me to hit this up fully. I'm still not finished with templating and I haven't really scratched the surface as far as control panel setup goes. Once the template part is complete it will remove many of the configure settings from the configpal.php script. This will make for less coding needed for the control panel.
Large sites will still be hit harder when they have that many posts to pull from. This is the main reason for me wanting to create an archive feature that will use a seperate table that mirrors the layout of the w3t_Posts table to store older posts in.
The index page, in my opinion, should display current information. Visitors to a site with posts 2 or 3 years old or more probably expect more current information at the entrance.
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