I have just installed this program and I'm using windows 7 ultimate 64 bit.
In order to get it to install you will have to right click on the setup and change the compatibility to windows xp sp3
Just right click > properties> compatibility tab> check the box for run this program in compatibility mode for
I will post if I have any problems running it if not assume all went well.
I'm assuming I'll have to do the same thing for the program .exe to get it to run.
it is located for me in
C:\Program Files (x86)\Avid\Avid Free DV