Microsft.Windows.7.X86.32bit.All.Editions.ActivatedCan be used for upgrading.
All updates work with this.
Just install by burning the ISO to a DVD or by putting on a USB drive, during
install do not enter a serial (just click next or untick the box and click next)
, the next window will tell you to get your money back if you bought this and
confirm that this is not a genuine Microsoft purchase, when install finishes the
OS will be fully activated and 100% genuine.
This will stay fully activated permanently even when SP1 is applied.
So Other May Live.