Hi strangely enough yes and no. Let me explain. On the 1st link it does say, "You will not be able to do this in Windows 7 Home Basic and Starter" hence stating that my Home Premium should be useable (as u said as well) however, the 1st step here says, "1. If you have not already, enable the built-in "Administrator" account, and create a password for it."
I click on the link there (enable the built-in "Administrator" account) to show me how to do so, and I get a page that says, "1. Open the Local Users and Groups manager." When I open that it says, "Local Users and Groups is only available in the Windows 7 Professional, Ultimate, and Enterpise editions." thus disqualifying me and making the earlier claim that I may do so false, utterly wrong.