Home Premium will be just as good as Professional and Ultimate for gaming and general use, tbh. You can activate the retail version as many times as you want, provided the copy is only installed on one computer at a time.
You can install/activate both as many times as you want on the machine the license is tied to. The distinction is a retail license is transferable to another machine, an OEM license isn't.
not so much......if you buy a new PC in the future and want to use the OEM copy of win 7 you buy now on it....legally you can't because the license is non-transferable
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