Thank you for your post, and I apologize for the late reply.
Yes, FileMaker Server Advanced does work with IIS 7. A couple of other forum users were having difficulty with Windows 2008 Server and FileMaker Server Advanced 10:
If you are doing web publishing with FileMaker Server, then there will be conflict if you try to also use Sharepoint, because they both use the same resources. We recommend that you disable Sharepoint.