Hi Jenny,
As Draclvr has pointed out The " Xp Mode " that will be part windows 7 professional is aimed at business to be able to support older applications....
for games in xp mode under win 7 .. many articles have stated "Don't expect XP Mode to help. It's not designed to run games, and so won't be a viable solution for us".,..." XP Mode needs a beefier system than that required to just run Windows 7 or XP alone, including at least 2GB of memory and a
system that has chip-level virtualization from either Intel or AMD. One of the challenges is that today it is often not that easy to tell whether one's PC has such support."
.....For Most users windows 7 premium will be more than enough, there is no real benefit to go beyon Premium..... programs/Games that fail to install in win 7 will apply compatibility mode and try again ....As of yet i have not found any software that ran on vista or XP that would not run on win 7, but i know that is not the case for all .....but If i do run into any issues of software that i must use i will dual boot with xp....That way it takes full advantage of my hardware especially my video card which " xp mode" would not.
below is a link to a comparison chart of the different version of windows 7...You will notice that Home premium has everything a standard user and Gamer would ever need....Also a article from Computerworld on why xp mode is not important to most users.
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As for 32 bit and 64 bit windows. it really comes down to increase in installed memory .Well, there more to it than that but that is what most people use one over the other. 32 bits can top out at 3gb. with 64 bit i was able to install 16 gbs on a system....I am running both 32 and 64 bit win 7 RC1 and i did not see a difference in stability they both have performed quite well...You need to make sure your hardware has 64 bit drivers. My older hardware/Software had no real issues. it does look like the industry is moving toward 64 bit...
BTW The Windows 7 discs will have both 32 and 64 bit on the same disc....So at least you can decide which one will work best for you.
Window 7 Comparison Chart
http://www.winsupersite.com/win7/win7_skus_compare.aspFive reasons you won't want Windows 7's XP Mode
http://blogs.computerworld.com/five_reasons_you_wont_want_windows_7s_xp_mode@Dracllvr as Inlandaz stated compatibility mode is still intact....... Right clicking on install or exe files gives me the properties menu which has " Compatibility Mode" for Win 95 thru XP SP 3 which will be on all version of Win 7
Oh Draclvr i am glad to see you found the problem to TLJ not installing. Let us no how it goes.
Take Care