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My colleague Mithun Dhar has put together a blog post about how to setup your SharePoint developer environment on a Windows 7 computer.
One of the biggest advantages of SharePoint 2010 is that you can run it on Windows 7. In his blog post, SharePoint 2010–Everything you need to know, he walks through the steps for you to successfully install SharePoint server on Windows 7 in about an hour.
He starts with a 64-bit Windows 7 on his computer, copies SharePoint to the disk, hacks the configuration file, installs some prerequisites such as Sync Framework, SQL Server client, Windows Identity Foundation, and some others, set up IIS, and then install it.
The description will help you get started developing for SharePoint on your own Windows 7 computer.
Bruce D. Kyle ISV Architect Evangelist | Microsoft Corporation
Bruce - Do you know only certain versions of Win 7 only support SharePoint 2010? I could install SharePoint 2010 Foundation on Win 7 Home Premium in an hour but not working instead going to blank page.