No. According to the official website of the developer, the latest version of the application is only compatible with Windows Me, Windows 2000 and Windows XP. You can try to install it on your Windows 7 machine, but it's possible to encounter compatibility issues. If you have problems, try installing the program using compatibility features. To do that, go to Start and in the search bar type run programs and open the Run programs made for previous versions of Windows service. From there you just need to follow the steps provided.
