This is the Windows 7 Family Pack Box
This is what Windows 7 Home Premium Family Pack looks like.
Last week we learned that the Windows 7 Home Premium family pack will be priced at $149.99. The family pack will include three licenses of Windows 7 Home Premium for installation in a single household – a definite deal when considering that a single license will go for $119.99.
The regular Home Premium box will be green, the Professional box will be blue, and the Ultimate box will be black. But what about the Family Pack? Feast your eyes on this:

For those of you with multiple PCs, this seems to be the SKU to get, unless if OEM pricing somehow manages to be below $50 each.
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Is that $149.99 for an upgrade box... or full retail?
I have to assume the upgrade kit is for installation over an existing copy of windows. If so then for $50 each I can deal with installing an old copy of Vista then running this over the top.
If it does allow a clean install from scratch then it's boogie time!
the way to get it to upgrade is at install don't enter a product key when it is installed at first and then reinstall over itself. The license in no way stops you from ding this