Let's start by clarifying the "version vs. edition" issue: Windows 7 is a version, just like Windows Vista and Windows XP were. But the information you are looking for, once you already know that you are running Windows 7 on your computer, is "What edition of Windows 7 do I have / am I running?" as opposed to "What version of Windows 7 do I have". This detail out of the way, let's start this tutorial and explain how to find out everything about your the flavor of Windows 7 installed on your PC (including the cryptic 32-bit vs. 64-bit information). The edition determines what features you can access for your version of the operating system: the installation CD for Windows 7 trials, for example, includes all features of Windows 7 Ultimate: by entering a license key (serial code), you let Windows know which edition you purchased, and thus what functionality should be enabled.
Note: in addition to version and edition information, Windows stores all kinds of system profile data under a single screen in the Control Panel. Press and hold the Windows key and hit the Pause / Break key.
Follow these steps to check your operating system version and edition:


Since winver didn't tell us anything about your "processor architecture", follow these steps:


Note that the edition Windows 7 you have is independent from 32-bit or 64-bit. In other words, you can have Windows 7 Home Premium 32-bit installed on your computer, or Windows 7 Home Premium 64-bit.