A backup taken on v7 can be restored to v8 - however it has to be a full offline backup.
It is very hard to have simultaneous versions of db2 running on the same box. Somewhere in quick beginnings, it says that only one can be pointed to implicitly. ie you cannot issue db2look for version 8 directly - you will have to specify the full path to the executable - I have tried to do it in our development environment and found it very difficult to manage.
Check out the IBM website of fixpaks at
http://www-306.ibm.com/cgi-bin/db2ww...ist.d2w/report
Issue a dblevel and match the output to the site and you will know if you have 32-bit or 64-bit installed. For the OS, ask the server admin.
Hope this helps