>1. I assume that VFP 7 product installation is different from running VFP 7 application EXEs. Meaning should we be worried about running VFP 7 application EXEs on NT 4 TSE or not?

The same thing applies to runtime apps: not supported. People seem to be doing it successfully, though. It seems the main problems are screen redraw issues and screen performance. Try it and see is all I can recommend.

>2. How about future versions of VFP, will they still be NOT supported on NT 4 TSE?

We have not yet decided on which OSs the next version of VFP will support.