Well, I've seen many posts and read many thread about it... but I'm not sure it's that true. I didn't want to say this openly, however I would much rather get in trouble on these forums than I would get in trouble by Microsoft.
I installed Windows 7 32-bit on my old computer and 64-bit on this computer. On BOTH computers, I selected (and completed) 1, 4, 5, and 6. Although, I've yet to run into any problems. Both activated fine, and I still get all of the updates that I normally should.
Here's proof for my 64-bit machine: (Click to Enlarge)
Should I run into any problems, I'll let everyone know in this thread. Also, there's one more question... Is there anything I should be worried about?