I used it in windows 7 (non XP compatible) for more than a year and in windows 8 since December 2012 and it works fine. It prints fine to PDF but I cannot tell you if it does it on its own or if my PDF printer is doing it. In any case you can buy cheap PDF printer software.
I use FTM 12 but I don't like the media photo album option in FTM 12. It looks amateurish so I use FTM 2006 for the photo album option and create beautiful photo albums for each family then I incorporate it all in a single PDF e-book that can be viewed on the computer or printed in a binder.
Hope that this answers your question.