Yes, but your arithmetic does not include the bonus feats that almost every 3.5 class gets. Fighters get a TON of bonus feats!
It means that you will be 5th very soon! Sufficient xp were gained in taking out the above-ground hobgoblins in the keep. The general consensus of the party was to continue exploring the dungeon, finish the module, and THEN return to Pembrose (if Magus Crus is still there) or Whirtlestaff's and level up.Does that mean we're 5th level?
("Moron" IS a politically correct term, isn't it?)![]()

(Dungeons & Dragons)
Rulebook featuring "high magic" options, including a host of new spells.