Actually, I'm not a student (or at least not for quite a while yet but I am registered at the local tech college anyway...), but I'm looking at just splitting the cost of the 7 family package deal thing with my dad. As for my computer, I actually have an Intel Pentium dual-core processor with 2GB of ram, but I've been having problems with this thing for a looooooong ass time since I've had Vista on it. My biggest problem is my internet browser freezing up and then causing the computer to effectively crash, and I don't know what to do about that. I also bought a new 250GB HDD and I plan to install that once I get a copy of 7 to go with it.
Realistically, I want to get a new computer sometime in the near future. Either a new laptop, or one of those tiny desktops so that I can hook it up to my HDTV for videos and things instead of trying to stream everything from our home server to my PS3 which can't play certain file formats.
EDIT: Just to clarify, I'm currently running Windows 7 Ultimate on my computer and have been for a while, but I only have a trial version which is going to run out on me fairly soon.