The NetEdit FAQ lists Win 7 as being compatible, but I have not been able to install it on either my personal laptop (Win7 Home Premium, 64-bit) or my workstation (Win 7 Enterprise, 64-bit).
The problems start with unzipping:
Explorer's built-in zip utility can't open it. It pops up a dialog with "Please insert the last disk of the Multi-Volume set and click OK to continue."
7-Zip 9.20 is unable to open the file.
I don't remember what utility I used, but I was able to unzip it once and was not able to install it. I don't recall the exact error message, but it was something to the effect of "This version of Windows is not supported."
The FAQ doesn't have any entries related to this. Has anyone else successfully installed NetEdit3 on a Win7 machine? Hopefully we can get this resolved and post the solution there.