Is it possible to install both 32bit and 64bit Java on Windows 7?
I have some applications that I can run under 64bit, but there are some that only run under 32bit.
As stated by pnt you can have multiple versions of both 32bit and 64bit Java installed at the same time on the same machine.
Taking it further from there: Here's how it might be possible to set any runtime parameters for each of those installations:
You can run javacpl.exe or javacpl.cpl of the respective Java-version itself (bin-folder). The specific control panel opens fine. Adding parameters there is possible.