Here is a high-level overview of the steps required to install SharePoint 2010 (Beta 2) on Windows 7 (x64):

  • Extract / copy SharePoint setup files to your computer
  • Edit files\setup\config.xml and add the AllowWindowsClientInstall = TRUE setting
  • Manually install prerequisites
  • Enable Windows features (via command line)
  • Install SharePoint (standalone), but do not run the configuration wizard
  • Install SQL Server 2008 CU 2
  • Run SharePoint configuration wizard

Full details can be found on the MSDN article, Setting Up the Development Environment for SharePoint Server.