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Unfortunately not. There are some changes in Windows 7 that prevent games created with Adventure Maker to run properly (mostly sounds/music and videos) on it.
We do hope that GM-Support will provide an updated version of Adventure Maker which will fix these issues. Unfortunately we don't have any information when this will be.
Please note, that the latest version of Adventure Maker is currently a Beta version, and not a final release.
It works with XP and Vista, but Windows 7 is not fully supported concerning the above mentioned issues.