(I'm using Windows 7 Home Premium 64bit and Morrowind GOTY)
The Morrowind.exe works just fine.
The Morrowind Launcher, however, will not load. I tried compatibility options, and the only one that brought anything up was "Windows98/ME", but clicking on anything made it crash.
I'm running on Win 7 with no problem, but I didn't install in the default Program Files (x86) directory. I told it to install in C:\Bethesda Softworks\Morrowind. Rather than reinstalling, try http://www.gamesas.com/index.php?/topic/781497-vistawindows-7-problems/page__view__findpost__p__11352753.
I'm running on Win 7 with no problem, but I didn't install in the default Program Files (x86) directory. I told it to install in C:\Bethesda Softworks\Morrowind. Rather than reinstalling, try http://www.gamesas.com/index.php?/topic/781497-vistawindows-7-problems/page__view__findpost__p__11352753.