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It is an extra step but you can install Wf2 on a 64-bit XP machine and then just copy the entire loadpoint directory to the Windows 7 machine and manually add it to the Path environment variable. Personally, since Pro/E is somewhat self contained, I just add the path to the launch bat file in the bin directory.
Example: @echo off set Path=C:\PTC\Wildfire2_64_M220\bin;%Path% C:\PTC\Wildfire2_64_M220\bin\proe.exe C:\PTC\Wildfire2_64_M220\bin\proe1.psf %*