I just found out that Windows 7 will recognize USB sticks. Well, hopefully.
As for the link given by LookinAround, it does. Now, I've got a problem with the Microsoft site, which won't let me download the needed software.
If I downloaded one off a torrent, would it still work, even though its for a Beta version of Windows 7? If I'm right, this should be a legal download since its a free download from MS.