Yes. Right mouse click on the Object title bar and select Window > New Database Explorer. This will give aanother explorer in your books from which to choose reports, transactions etc. You can have mnay different database explorers open in your NV2 books.
You can also rename explorers to a custom name of your choice by right mouse clicking on the odbcderiveds explorer title bar > Window > Edit Title.
For more information, see the NewViews 2.08 Manual > Operating NewViews > Database Explorer