I've never used a drive that large, but it leads to issues:
Above 2TB
Short version: drives larger than 2TB must use GPT. Windows 7 can only boot from a GPT drive if you have a 64 bit version (as you do), and your motherboard uses uEFI rather than a traditional BIOS.
Some 3TB drives I've seen sold with controller cards that may allow these limitations to be worked around, but I've not used one.
I don't know how this affects the Windows 7 installation process.
If you have an Asus motherboard, you may wish to try their Disk Unlocker:
ASUS Motherboard Disk Unlocker - Unearth the Missing Space