Phrases not working properly

[StarShaper]

After upgrading to vB 5 my phrases seems to be corrupt. If a new user is registered, I get this E-Mail:

There is a new user, $username at $vboptions[bbtitle]

To view their profile, go here:

$vboptions[bburl]/member.php?u=$userid

Email Address : $email
Birthday : $birthday
Referrer: $referrer
IP Address: $ipaddress

$customfields

And the user gets this one:

Dear $username, Thank you for registering at the $vboptions[bbtitle]. Before we can activate your account one last step must be taken to complete your registration. Please note - you must complete this last step to become a registered member. You will only need to visit this URL once to activate your account. To complete your registration, please visit this URL: $vboptions[bburl]/register.php?at&u=$userid&i=$activateid

Is this a known problem?

[StarShaper]

Ok. Seems to me that I have to reset every old phrase manually...

[Mark.B]

Any phrases that were customised in vB4 will need reverting and re-customising.