Can I use StoryBook Creator in Windows 7 or Windows 8?
Yes, the application works in Windows 7. I was able to download and install it without errors. You can use the image below to see that it works normally. After installation, it's recommended installing the available updates to increase compatibility with 32 and 64bit mode of Windows 7 and Windows 8.
Updates page: http://www.panstoria.com/download_storybookcreator_update