It will probably work. However, it is not officially supported. Look under "discontinued boards" in this link:
http://www.intel.com/content/www/us/en/support/boards-and-kits/desktop-boards/000005640.html Supported Operating Systems for Intel® Desktop Boards
Now, all that said, this is more than 12 years old. Component failure is likely a reality.
I personally would not try to make it work, unless you are doing this just for the experience.
Since Windows 7 was never supported (by Intel) on this board, no driver packages are available. As Al said, it is possible that this board is old enough that drivers for it are included in the Windows 7 installation packages. You will just have to try if you want to see if this is the case.