Well, that sucks. Sounds like it should be an easy fix, though.
I downloaded and installed it on my W7 workstation before it was pulled. I haven't needed to modify the default module path, so I wasn't affected.
One thing I have found is that while WMF 5 was back-ported to W7, the KB that adds the security bits required to enforce transcription is only for W8 and up. You do get the Invocation Header and automatic file naming, which provides some valuable data for security application and diagnostics.