No it is not, for instance how would you do a search of all *.exe files created during a specific period? Xp would do that.
You can do that in 7 easily. Open an explorer window, navigate to the zone you think the file will be (folder, whole harddrive, whole computer, whatever), click in the search box in the upper right, put your *.exe in, then notice that when you clicked in that box a popup appeared that said “Add a search filter” and under that “Date modified” and “size”, obviously for you search you want to click on Date Modified, at which you will be presented with a calendar control that you can use various presets or click and drag to get you specific period.
It’s all right there, at your finger tip, available any time you’re in Explorer, and with fewer mouse click that the XP advanced search.