You might want to bring the File and other menus back where they “belong,” that is, at the top. (That’s one funny decision on the developers’ part). It’s a Registry edit. First back up the Registry, then navigate to
HKEY_CURRENT_USER\Software\Microsoft\Internet Explorer\Toolbar\WebBrowser
Right-click in an empty area of the right pane, then select New > DWORD. Give it the name “ITBar7Position” (without the quotes). Double-click the newly-created value to give it a value of 1. Re-opening IE7 should make the change visible.