Well, that makes a bunch of sense, since it never did require the activation server anyway. PSE does not require activation until Ver. 8.0. So, if a friend has a copy of PSE-5, let your conscience be your guide. Did you try installing Acrobat Pro 8 with the serial number they supplied? It would be handy to know if they put that back on another activation server. PSE-5 won't run that well under Win 7. PSE-7 will, but it's a bit quirky. (It won't initialize the file system on a HDD without changing the get file parameters to, "all files", instead of the default, "media files". It won't read past the letter "G"....).