We're currently running 04.07.00. I haven't bothered upgrading to 4.8.x yet because I haven't had the time to do any testing first. Usually the issues that I run across when doing upgrades (either to milestone versions or just minor releases) are usually related to Active Directory integrations, since the authentication seems to be affected or changed from version to version.
Active Directory integration is also a speed bump that we encounter here. Currently we are running a custom 4.3.4 and are testing 4.8 and I think that the Active Directory integration has been removed from the core of dnn.. I will have to check their site again to be sure that I am correct in saying that.
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