Answer Posted / anil

Yes. OLAP universes created with BusinessObjects Enterprise XI 3.x will continue to work in BI 4.0 and Web Intelligence 4.0 users can continue to use those OLAP universes. However OLAP universes can only be edited using the universe design tool, not the new information design tool. Use the upgrade management tool to move OLAP universes (as you would any universe) from a 3.x repository to the 4.0 repository.
However, in order to take advantage of the new BI 4.0 semantic layer and its multi-dimensional capabilities you need to open each Web Intelligence document based on OLAP universes and then change the source to map it onto a BEx query.

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