The original program which was called Path Copy, works with the 32 bit version of 7, but not the 64 bit version. However, there is a newer program called.

path Copy Copy

http://pathcopycopy.codeplex.com/

which is essentially a clone of the original Path Copy and does work with both 32 and 64 bit versions of 7.

If you like the program please consider giving the author a donation.