and here :
http://www.soundsonline.com/updates.php
.... it does indicate Windows 7 compatible drivers (even 64bit) for at least the iLok device.
I may very well be wrong, but there are quite a few other Music-making marvels that don't yet run on Windows 7, so, no. Not for me.
Windows 7 has to be fully compatible with me and my studio, not the other way 'round.
Happy New Year to you too! :)