New SoftID's are in the form of XXXX-XXXX (Four symbols, dash, four symbols). To do this, just click on 'Update license key' button in WinBox (currently only in WinBox).
Even by upgrading to a new version, RouterOS will still work as before, but to use some of the new features, LICENSE UPDATE will be necessary. Your license menu will show both the old and the new SoftID. Since RouterOS 3.25 and 4.0beta3 new SoftID format is introduced.
include 15-30 day free support over e-mail.(*) - BGP is included in License Level3 only for RouterBOARDs, for other devices you need Level4 or above to have BGP.