No, it dosen't work.
I try install it from Device Menager, but it can't find any driver for it.
And...what with the ITM? The new driver install fine on Windows 7 without Compatibility Mode, the ReadyDrive is Enable but ReadyBoost when I turn on, the computer will restart and after it is still disable.
It would be great if you could post a screenshot of your device manager so we can have a look. One more thing that'll be great is if you could take the time and fill in your system specs on your profile So we can accurately diagnose your issue.