If you were able to install it with Acrobat and Distiller opening if selected, there is a chance. However, it is a work around. The problem is typically the print driver and Acrotray. The work around (if these two basic programs run) is to install a color PS printer (may be one of the HP printers or even a PS printer from Adobe), rename it to Adobe PDF, and set the port to FILE. To print or use PDF Maker, you print to this Adobe PDF printer that you have created. Then open the file created in Distiller to obtain a PDF. I have done this with AA7 on a WIn7, 64-bit, and with AA5 (naming the printer Acrobat Distiller) on Win7, 32-bit, for testing.
Also, be sure to install the updates to Acrobat. You will likely have to download them from http://www.adobe.com/support/downloads/product.jsp?product=1&platform=Windows and install them in order.