As i am a beginner who just finished my engineering and i have good knowledge in c,c++... I thought of studying c# as well but i found that c# 4.0 has been released.....
C# 4 is basically a superset of all the other versions, so if you know C# 4 then you definitely know the earlier versions. On the other hand, I think it's worth knowing what's in which version. I have a couple of "bluffer's guides" on my C# in Depth web site which give a bit of information about C# 2 and 3 - I'll do a similar one for C# 4 soon. See this question for a very brief list of features in each version.
As for migrating from C and C++ - try to ignore everything you think you know. Some bits will be similar, some will be completely different. You should try to work the way the language expects you to, rather than applying C++ idioms to it.
You might want to read Essential C# 4.0, C# 4.0 in a Nutshell or Accelerated C# 2010. My own book - C# in Depth - will have a second edition soon, covering C# 4, but it's really designed for people who already know C# 1.