SharePoint 2010 will install and run, including PerformancePoint Services on Windows 7. This is nice as you can now develop on a laptop without losing sleep, hibernate, other client features and driver issues.. You will need a 64bit machine, preferrably with 6-8 gb ram.
SharePoint 2010 will not install by default on Windows 7, and there are a few workarounds provided by MS here:
http://msdn.microsoft.com/en-us/library/ee554869(office.14).aspx
Successfully installed the RC bits, but was not able to install Patch 4747. Upon configuring Sharepoint, I was unable to create the configuration db. Install log stated this:
Failed to create the configuration database.
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