JauntePE!

Windows portable app maker: launcher(s), runtime, and gui designed to help you run non-portable applications in a portable manner.

A Testing section is also available which contains small tests for you to perform to ensure JPE works as expected. Although it's getting close, there currently is no stable build of this version of JPE. The latest work-in-progress nightly build is always available via a mirrored download http://sourceforge.net/projects/jauntepe/files/JauntePE060Nightly.zip/download
from JPE's SourceForge project site http://sourceforge.net/projects/jauntepe.
The launcher and runtime in the builds are fairly stable at this point. As far as we've been able to determine, this version of JPE is able to portably run 32-bit apps on any Windows version from 2000 onward, including 64-bit XP, Vista, and Windows 7 versions. The new all in one JPE gui is still being added to and revised on a daily basis. I

Go to http://jauntepe.sourceforge.net/index.html

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