Finally, got my hand on Windows 7 OEM version.
First thing to get Daemon tools working..grab both Daemon lite/Pro version from the offical web site http://www.daemon-tools.cc.
Run the Pro version first, you will be prompt to reboot/restart, do it so that the SPTD for the Pro version will be installed.
After restart, cancel the installation of the Pro version. Run the lite version and you are all done.
And ignore the compatibility message when reboot or choose not to auto start the Daemon Tool, mount image when required.
That all, folk! Enjoy!