Yes you can burn the ISO to DVD with something like UltraISO, PowerISO, Image Burn, Nero or even the native support for burning ISO in Windows 7 which can be access by right clicking the download ISO and selecting Open with and Windows Disc Image Burner.
You will have generic
driver pre installed with windows but you may want to install your motherboard chipset
drivers etc. if you have them, if you are installing
drivers make sure you use Vista one if available or Windows 7
drivers would be even better but so far the only drivers I have seen so far specifically for Windows 7 are the Nvidia drivers.