1. Should use ServerName property of SERVERPROPERTY vs. @@SERVERNAME as it is more accurate. See Remarks section under @@SERVERNAME in BOL.
2. Ideally, when reporting the version of SQL Server you should also select the numerical ProductVersion property of SERVERPROPERTY. The "SP2" designation returned by ProductLevel does not indicate any special patches, etc.
3. I wouldn't trust the parsing of @@VERSION. Microsoft could change the format in the future, thus breaking the logic.
(PHB) I think we should build an SQL database. (Dilbert) What color do you want that database? (PHB) I think mauve has the most RAM.