Actually, there are a ton of structural issues, such as datatypes, stored procedures and extra commands in 2k that aren't in SQL 7. As SQLBill said, test first. I'm not sure that you CAN directly restore 2000 to a 7 box. Looked it up on Google and found the following link.
MOF, I read in Sybex's "SQL Server 2000 Administration Study Guide" that there are some things in SQL 7 that don't translate up to SQL 2k. So, given all this, I'm assuming you can't just do a detach and attach. I think you'll have to pull in a copy of the DB as a new database and I know you can't restore to SQL 7 a SQL 2k backup.
BTW, you can run SQL 7 and SQL 2000 side by side if you install the 2k version in a different directory. Then you can use the SQL Switch to switch between them. Remember, SQL 7 doesn't use named instances, so if you do this, you'll have to have SQL 7 as the default and SQL 2k as a named instance, since only one default runs at a time.
Does this help you at all?
Catadmin - MCDBA, MCSA
Remember, "Work" is a four letter word. And you know what your mother told you about using four letter words!