[6] It included the return of the Virgin Mobile Venue, the festival's fourth stage, which featured local and international DJs.

The festival ran two shows in its inaugural year: one at Centennial Park in Sydney on 31 March and one at Avica Resort on the Gold Coast on 1 April.

[7] To make up for the omission, a "Best of V Festival" series of concerts was organised, also called "Mini V", in which the Pet Shop Boys, Groove Armada, Gnarls Barkley and The Rapture played in Melbourne (at the Sidney Myer Music Bowl) on 3 April, while Pixies, Jarvis Cocker, Phoenix and New York Dolls played in Adelaide (at the Thebarton Theatre) on the same night.

The promoter responded that the similar cost was to do with the economics of scale regarding the smaller capacity venues in Melbourne and Adelaide.

Firstly, Melbourne was given a full V Festival for 2008, due to the availability of the newly renovated Showgrounds.