Quicken 2008. Windows 7, Cannot recognize or open backup File.

I Recently updated from Windows Xp to Windows 7. I cannot open the files that i have backed up when i upgraded to Windows 7. It gives me an unexception error and an error code randomly in the 7000's. Is anyone else experiencing this problem or has a solution. Is Quicken 2008 compatible with Windows 7 (32-bit)

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Q2008 is not compatible with W7.  W7 did not exist when Q2008 first came out.  Some may say that you can use Q2008 in XP compatibility mode, but I think there still could be issues.  Not being able to restore backups would be a big one.
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