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"The biggest problem with this game is that it is really difficult to get running on Windows 7. i had to reinstall with administrator and Windows XP Service Pack 2, and i had to do this each time just to get past the black screen that it wants to start as."
Works just fine for me on Windows 7 64 bit, no need for compatibility modes, reinstalls or anything.
I'm running fine on Windows 7 64 bit with no issues.

After making a copy of perimeter.ini ;)
If you change the 1 to a 0 on the Windowed line, it will run in a window, which is nice.