I don't think so. If I didn't receive a free copy of 7-Ultimate, I'd buy Home Premium.

I have been looking at different versions of windows 7 home premium. there are so many different prices for this version. there is the upgrade version, OEM version, full retail version, etc. i want to get it but now i dont know which one to get. maybe it is the lack of sleep from the weekend.

I have been looking at different versions of windows 7 home premium. there are so many different prices for this version. there is the upgrade version, OEM version, full retail version, etc. i want to get it but now i don't know which one to get. maybe it is the lack of sleep from the weekend.

If you 'legally' own a previous copy of windows then you can buy the upgrade version. If you are going to do a clean install with that media, it may require a little finagling. OEM if you planning on building a new computer and selling it. Full retail if you already don't own Windows.
Having said that, it really just depends on how much you want to spend. If you buy OEM and put it on your computer no one will know or probably care.

http://www.winsupersite.com/win7/win7_skus_compare.asp
That will give you the run down of premium vs ultimate, etc

i installed mine last night