After a lot of speculation over the last couple of months, we finally have confirmation on the Windows 7 SKU’s.  At first look, it looks like Windows 7 Professional will be the way to go.   
     Windows 7 Starter       
Market: Emerging markets, with new PCs only       
Key features: Enhanced taskbar, Jump Lists, Windows Media Player, Backup and Restore, Action Center, Device Stage, Play To, Fax and Scan, basic games       
What's missing: Aero Glass, many Aero desktop enhancements, Windows Touch, Media Center, Live thumbnail previews, Home Group creation 
         
Windows 7 Home Premium      
Market: Mainstream retail market      
Key features: Aero Glass, Aero Background, Windows Touch, Home Group creation, Media Center, DVD playback and authoring, premium games       
What's missing: Domain join, Remote Desktop host, advanced backup, EFS, Mobility Center, Offline Folders 
         
Windows 7 Professional (superset of Home)      
Market: Mainstream retail market       
Key features: Domain join, Remote Desktop host, location aware printing, EFS, Mobility Center, Presentation Mode, Offline Folders, Media Center      
What's missing: BitLocker, BitLocker To Go, AppLocker, Direct Access, Branche Cache, MUI language packs, boot from VHD 
         
Windows 7 Enterprise      
Market: Volume-license business customers only       
Key features: BitLocker, BitLocker To Go, AppLocker, Direct Access, Branche Cache, MUI language packs, boot from VHD      
What's missing: Retail licensing 
         
Windows 7 Ultimate      
Market: Retail market, limited availability      
Key features: BitLocker, BitLocker To Go, AppLocker, Direct Access, Branche Cache, MUI language packs, boot from VHD       
What's missing: Volume licensing