With Version 7, most of the built-in firmware hardware routines have been replaced by ARMbasic routines that can be accessed by #include <filename>.
Version 7 is more like Visual BASIC.
Version 8 is the same firmware for ARM Cortex processors.
The Welcome message shows the firmware version level of the ARMexpress Family device. This is displayed when the device is STOPped in the BASICtools or when reset and no user program has been loaded.