Is this important and how do i fix it?

Per the download page for the open beta version: "Studio can now use Blender 3.6 through 4.1. If you have issues with the new Blender, Studio still has support for the 2.7 versions that previous versions of Studio were compatible with.
Note: "S4Studio CAS Tools" panel in Blender has been renamed to "S4Studio Mesh Tools" since it is used for both CAS and objects. The "Type" dropdown has also been removed since it has never been needed."