In order for the IIS 7.0 MP to properly work, you will need to install an agent QFE which drops a new module that the MP uses for discovery and monitoring.  Here is the link to the QFE:


Also, you will need to install an IIS 7.0 QFE to resolve a small memory leak issue with IIS 7.0. The path to the QFE is:


The requirement for both QFEs is documented in the MP guide, but I figured I mention it one more time as these are pretty important.