I have successfully installed sharepoint 2010 beta on windows 7. The instructions are pretty straight forward. Thanks to Rehman Gul for the easy to read instructions.
Steps can be found here:
Just so you guys know, if you are running windows 7 professional, the only prereqs to install is the MS Filter Pack. All the other downloads are useless.
Run the command line IIS install config and add the NON HTTP Activation under .net 3.5. Add the line in the config file and you are ready to go.
Your installation may fail the first time but if you run it again it will successfully complete.
I didn’t even have to reboot.
There you have it folks. Now you can take SP2010 with you on your laptops
Sharepoint Dojo 
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