Any time you buy a Windows 7 "key" from someone at a steep discount, I would bet hard money that it is either a subcription key, from MSDN, from an OEM sticker already on (or removed from) another machine, or otherwise not actually licensed for the machine/use you have planned for it.
That said it will probably work and pass Genuine Validation, even if it is not a legit license.
I would rather buy an OEM copy from MemEx rather than deal with the possibilities of such a scenario again.
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