The MITRE CVE dictionary describes this issue as:
autoload/netrw.vim (aka the Netrw Plugin) 109, 131, and other versions before 133k for Vim 7.1.266, other 7.1 versions, and 7.2 stores credentials for an FTP session, and sends those credentials when attempting to establish subsequent FTP sessions to servers on different hosts, which allows remote FTP servers to obtain sensitive information in opportunistic circumstances by logging usernames and passwords. NOTE: the upstream vendor disputes a vector involving different ports on the same host, stating "I'm assuming that they're using the same id and password on that unchanged hostname, deliberately."
Find out more about CVE-2008-4677 from the
MITRE CVE dictionary dictionary and
NIST NVD.
Statement
Not vulnerable. This issue did not affect the versions of vim as shipped with Red Hat Enterprise Linux 2.1, 3, 4, or 5.