New
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You can download the latest ISO as discussed in Step 1 of Clean Reinstall Windows 7.
This will save over an hour of updating.
You can put your data on the SSD if you have enough space, then move it off later to the HDD when you need the space. Be sure to keep your data backed up in another location, even the cloud. One method is here to Sync, Backup and Store your Files to the Cloud with OneDrive which offers 15 free gb storage and now has an offer for 100gb free for 2 years for Bing Rewards members.