Some D3D11.1 got back ported to Win7 as part of a platform update, I seem to recall it being tied to an IE update too - I don't think everything made it back however (and it broke PIX, which has been fun here.. *sigh*), I seem to recall reading some features didn't work.
I should probably double check that at some point just to see where things are.
Yeah they technically back-ported the interface, but most of the new functionality was tied to DXGI 1.2 which wasn't back-ported. Not that there was much new functionality to begin with...the only really new GPU feature was UAV's from all shader stages (which you can't use on Win7).