Pinnacle Studio 7.06
1) Run welcome.exe in the root dir or setup.exe in the setup dir 
2) DESELECT EVERYTHING EXCEPT: Application/Studio Version 7 (make sure Real Player is deselected as well when you select Application) 
3) When it asks for a serial enter any of the following: 
 
S/N: 2222222222 
S/N: 4444444444 
S/N: 7777777777 
S/N: 9999999999 
S/N: 0000000000