"Ok, after installing FF7 and the 1.02 patch, I can run it fine, except until it gets to the main menu with the New Game or Continue options. When it gets there, it seems that something is pressing on the down arrow (I used the laptop config file to avoid using the keypad) when I'm not pressing anything. I keep pressing entire until it hits New Game. After that, the intro vid works fine, and then it goes black. The textbox shows up fine, and the audio is fine, but theres nothing except black. Fight scene ensues with the two soldiers, and that works fine, but it seems that something is hitting on the left arrow, causing it to always go on the Change (for change stance, moving forward or back option) unless I hit the right arrow key, which makes it go to the normal option, and move up one, only for it to go back to the Change option again."
I'm guessing you're using either a Saitek Eclipse or Gamer keyboard, correct? If so you have to go into the Device Manager and start disabling HID devices until you find the ones that are running the extra sideboard, that's what did it for me.
-pig