Maybe this was already covered - but seems to make it pretty clear to me:
http://www.microsoft.com/sql/productinfo/pricing.htm
Customers who require SQL Server version 7.0 for existing solutions may
still acquire additional licenses by taking advantage of the SQL Server 2000
"downgrade rights." The downgrade rights enable customers to purchase SQL
Server 2000 Server/CAL or Processor licenses, but install and use the
previous version for a reasonable period of time. Customers who formerly
used the SQL Server 7.0 Internet Connector will want to license SQL Server
2000 in Per Processor mode.
[Here's the juicy part ................. ]
Unlike the previous version which only covered "Internet" access for
"non-employees," SQL Server 2000 Per Processor will allow unlimited
connections for anyone for the Internet, extranets, and intranets.
For more information, please refer to the product End User Licensing
Agreement (EULA). To order additional SQL Server 7.0 media, Open and Select
customers who have licensed SQL Server 2000 may call Worldwide Fulfillment
directly at (800) 248-0655. Retail customers can contact Microsoft at (800)
360-7561.
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