I have not seen the error before but I think I know what you issue is.
The Session (SQL) table is part of the Performance Troubleshooting Guide. It is a linked table linked to the Session (SQL) view on SQL server.
I guess you get your error when opening the 3.70 database with 4.0 client since the Session (SQL) view has been deleted from the SQL server. You will have to delete the Session (SQL) in Navision but you can’t do this the normal way since you can’t open the database.
Make a SQL backup of you database
Open the table “Object” from Enterprise Manager and delete the records related to the Session (SQL) table. There might be two record
a. Type=0 and Name= Session (SQL)
b. Type=1 and Name= Session (SQL)
Try to open the database with the 4.0 client
I don’t know the second error but I assume it is caused by a partly converted database.
I was just thinking about another way of fixing your issue. Simply restore the deleted Sessions (SQL) view from Enterprise Manager. It is safer to do this than to delete records directly from the Object table.