Settings Details and/or Configuration Comments:
Download Application Manager Enterprise form Adobe :
Create your custom install using Application Manager (allows also serialization of the product). For activation you may edit you local hosts file (use traffic-analyzer or google) and redirect requests to the loopback IP.
Snapshot the install and that's it...
During testing I saw that the 32bit application also run's on Win7 64bit, however registering the app using spoonreg does not work, if you capture a true 64bit setup on Win7 it works.