Unable to read software component version from System Landscape Directory "

Question

I've worked in past creating/importing SWCV, but this is new system PI7.0 and stuck.
A) Is my understanding on resolution correct?
Should I go and apply notes 940309 and create client copy of existing client 001
                                    OR
change role of client 001; SXMB_ADMIN -> 'Integration Engine Configuration' to 'Integration Server'
I have no problem in using client 001 as Integration server, all I want is import of SWCV to work. Thanks. Appreciate the help.
B) Here is what I have done and the error:
1) Followed weblog below and created product, software component, technical system, business sytem in SLD.
/people/srinivas.vanamala2/blog/2007/02/05/step-by-step-guide-xml-file-2-xml-file-scenario-part-i
2) When I import the SWC from integration repository getting error
(Unable to read software component version from System Landscape Directory "server:5<system number>00").
C) Pointers used from the forum to debug the issue, but still no luck
Below are the points checked from the forum and all steps are correct, but still have issues with the import
1) check the RFCs SAPSLDAPI, LCRSAPRFC, connection test pass as the program ID registered with Jco
2) T-code SLDCHECK no errors (followed http://help.sap.com/saphelp_nw04/helpdata/de/78/20244134a56532e10000000a1550b0/content.htm)
3) T-code SLDAPICUST got user PIAPPLUSER, pwd is correct (reset the pwd)
4) logged using PIAPPLUSER http://server:port/sld and it works
5) One of the weblog SLD Check Failed (LCR_LIST_BUSINESS_SYSTEMS function doesn't work) referred to apply notes 940309
Notes: 940309
You are installing 'SAP NetWeaver 2004s SR1 ABAP+Java' Usage Type 'NetWeaver Process Integration (PI)'.
You don't want to use the default client 001, but another client as Integration Server.

Answer 1

applied portion (PIPostInstallProcess) of OSS notes 940309 and it resolved.
Note:
I still retained client 001 and didn't do client copy as mentioned in the notes. The wizard based CTC tool helped. Here are the details if someone has similar issue and want to know further details:
A NetWeaver Process Integration (PI) Installation (ABAP+Java) has two parts: Installation and configuration. The former is done by the Installer, the latter by the 'Central Template Configuration' (CTC) Tool.
http://help.sap.com/saphelp_nw04s/helpdata/en/14/39084136b5f423e10000000a155106/frameset.htm
1.      Call the wizard-based configuration tool as described in Configuration Wizard.
       2.      Select the scenario PI and the task PIPostInstallProcess.
       3.      Choose Execute.
A list of the steps to be executed by the wizard is displayed.
       4.      Choose Install.