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Looks like the V4s came out in November of last year.


From a HomeTheaterMag review, the differences include:

Quote:
These fourth-generation models feature upgraded crossover parts and tweeters that Paradigm deployed in their more-expensive Studio Series speakers. The other and more-visible change to the Monitor Series is a snazzy, brushed-platinum finish that complements the styling of current flat-screen TVs. Rosenut, light cherry, and black ash vinyl-wrap finishes are also available.
Get a good price - the older version will decrease in value much faster than a used v.4 (if you could find one, that is).
 
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