I just installed Windows 7 and Acrobat 10. I was successfully able to compile a LaTeX document in TeXnic Center, but it would not automatically launch the viewer.
Here is the solution that worked for me:
http://www.agmonim.com/2010/12/texniccenter-and-adobe-reader-10-x/
I had to change the server to read "acrobatR10" in all 3 places.
