First thing I would advise is to go here and run this prograrm:
http://www.microsoft.com/windows/win...e-advisor.aspx
This will tell you if you are going to encounter any serious problems.
I would suggest you keep your present setup, initially, and, if needed, create another partition for Windows 7. (At least 20Gbs, but wahtever you can spare.) This means you can keep any personal info etc. you may have, and copy and paste it over. Favourites, private files etc.
ON installation to your new partition, Windows 7 will automatically give you the option of a dual boot. When you are totally satisfied that all is in order, you can then go about deleting the Vista installation