  We present an improved effective action for the D-brane-anti-D-brane system
obtained from boundary superstring field theory. Although the action looks
highly non-trivial, it has simple explicit multi-vortex (i.e. codimension-2
multi-BPS D-brane) multi-anti-vortex solutions. The solutions have a curious
degeneracy corresponding to different ``magnetic'' fluxes at the core of each
vortex. We also generalize the brane anti-brane effective action that is
suitable for the study of the inflationary scenario and the production of
defects in the early universe. We show that when a brane and anti-brane are
distantly separated, although the system is classically stable it can decay via
quantum tunneling through the barrier.
