I removed the extra post for you.
You're using a Legacy device on Win 7
Support is going to be limited since the device and driver are no longer being updated.
The driver for Vista generally works but gets intercepted by Win 7 everytime they push updates.
Also antivirus can run scans on the files and may have been unable to read them correctly.
If the driver isnt detecting the device make sure its plugged in directly to the computer. Donot use hubs or monitor usb port most donot put enough amp to properly detect the device and are unsupported.
See if the driver starts and works.
if not try unplugging the device
whil unplugged hold down 1,2 button on the Traveler tail pointing up top 2 buttons.
Hold down buttons and plug in the device wait 15 seconds and release.
What this does is it clears any current still in the chips that may make windows not identify the device.
next start driver
if problem still persists.
Try checking the 3dxsrv.exe to see if you have the driver set to run as admin?
Go to start programs, starup, right click on start 3DxWare,
properties, compatibility, at the bottom make sure run as admin is selected.
If this doesnt work try a clean install :