Cnet has a guide for the confused and bewildered on which to go for and answers some of the tougher questions that stemmed from
Windows 7 upgrade version: The dos and don'ts .
Quote:
Q: I installed the release candidate version of Windows 7 on a reformatted hard drive that previously had Windows Vista installed. Can I use the Windows 7 Home Premium Upgrade version to install a licensed copy?
A: Yes. You can do a custom installation ("clean install") to Windows 7 using the upgrade. The Windows 7 installer will detect you have the RC installed, enabling you to do this.
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FAQ: Buying the right Windows 7 upgrade