How can i install in Windows 7?

[Nokturnal]

Yes it's possible, i've installed it on Windows 7 and it runs fine, didn't even have to change the compatability, which is required to play some older games.

I haven't got any tips for the install, i just installed it the typical way.

If your setup is freezing that could be a corrupt file during install. Did you d/l via gamersgate or any other digital download site?
If it's a proper dvd then i'm not sure what it could be. But you could try emailing 1c support (support@1cpublishing.eu).