I have been using Acronis True Image (ATI) Home v11 and have done NUMEROUS image backups/restores of my XP Pro 32 bit , Vista HP 32 bit and Windows 7 7232 x64 bit. (I tend to do destructive testing.... NOT advised if you do not have 2 or more HDDs with image backups).
It works fine.
I do not recommend using ATI for resizing partitions. I had problems with it and wound up restoring my system images on one HDD (Using ATI!) from my backups on another HDD. I think ATI has problems with certain mult-boot configurations with or without hidden parttions.
I also don't recommend using Windows Disk Manager to re-size or shrink partitions. It could not do it either, though it did not corrupt the MBR. It seems the MFT gets in the way on a "shrink".
I use GParted to do my partition re-sizing/moving. Once that was done I used Windows disk mangement for creating/formating and nameing, etc. GParted -- Welcome
P.S. If you only have a single HDD with 1 partition I suggest you use Gparted to create a second partition and do not use the ATI "Secure Zone" option in which ATI creates a second partition.