Hi,
I've been running quicken 2004 on windows 7 ( 64-bit) with no problem.
I put in quicken cd rom and ran install.
I got various error messages and compatability notices, so removed cd rom. When i checked in program files - Quicken was there.
Expand the quicken file and scroll down until you find the file " qw" near the bottom of the list.
Double click on this and you should be up and running. Follow the restore procedure and you are done!
I don't use any online activity with quicken so I can't vouch for that aspect but the rest has been working fine for months now.
Peter