Use IE and IE7 systems on the same PC. Is this possible?

Is your question can you have both IE6 an IE7 browser installed on one computer, the answer is no, as IE7 is an upgraded version of IE6. If I were you, I wouldn't downloaded IE7 and just stick with IE6 and maybe download Firefox or another browser.

Use IE and IE7 systems on the same PC. Is this possible?microsoft office 2003

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Use IE and IE7 systems on the same PC. Is this possible?windows xp professional internet explorer

You mean you use Internet Explorer version 1 and version 7 on the same computer?

Sure, it's possible. They are two different pieces of software after all. Just like running Firefox and IE at the same time.
Yes, you can, when you install IE7, specify a new location to install this version, don't go through the normal steps, it will override the current IE version.
Yes. It takes a little work, though.

http://tredosoft.com/IE7_standalone