Yes Shawn, everything the FingerWorks devices can do, they can do in Win7 too! The only limitation is that you cannot CHANGE what they do.
@Nomaded, of course the solution is to run the FW software in WinXP. If you have a copy of WinXP and the license key, then you can install it *inside* Win7 -- use either Sun VirtualBox or VMware to create a virtual machine, and then install XP on that. It's what I did, and this works on any system (I'm currently on Linux, and the current Linux versions are also incompatible, just like Win7). See here how to do that: viewtopic.php?f=23&t=2861#p5892