I recently got a new laptop and have waited until now to install my tablet. Unfortunately, it is not working no matter what I do.
To begin with, even after reinstalling it twice, updating it with the latest drivers, restarting my computer numerous times, and doing the whole 'remove tablet preferences' trick, I still get the 'please reinstall tablet software [tablet software mismatch]' error. Because of this error, I cannot get pen pressure to work.
I also have a one second lag each time I put the pen down. Program (photoshop, SAI, or even paint) doesn't matter, the lag is still there.
I have a wacom intuos tablet, model PTZ-431W, and the laptop runs Windows 7. If anyone knows how to fix this, I will love you forever.

Try to install it while your computer is in safe mode and see if that works.
Also try disabling User Active Controls. =
Unfortunately, it's not compatible with Windows 7, but only Windows Vista/XP/2000 or Mac OS X 10.2.8+. This is the same problem my sister ran into when she got her new laptop. :( I'm not certain there's anything you can do besides purchase a newer. Luckily for my sister, today is her birthday and we got her a new one. :P