Media Gurus, Please Enter

Is this discontinued? The last release was last September... Does it work on Windows 7?

The highest resolution the have available is 720p... would I get a good experience out of it?

I think a lot of the codecs need updating, but downloading it will give you a very good start. It's not that hard to get completely updated if you want, but it's still good to use as is anyway. It should, yes.

Yes, you would. 720p is quite a bit smaller and less gorgeous, but it's often the best you can get for many episodes. Just make sure you don't get retarded upscales or ones with really obscure ratios.