WP7 SDK on Windows 8

Question

Is it possible to install WP7 SDK on Windows 8 Release Preview? I tried using standard installation package but keep getting following error:

Installation

Answer 1

This article finally did the trick. Hopefully posting it here will save someone from the nigh terrors ive been experiencing lol. The work around involves installing the xbox live marketplace and then installing the wp7 sdk and XNA will install normally.

http://windowsteamblog.com/windows_phone/b/wpdev/archive/2012/03/05/windows-8-and-the-windows-phone-sdk.aspx

this will get the warning error to go away. To fix the emulator problem you mus download the windows phone sdk 7.1.1 which is an update to the 7.1 sdk you were having problems installing