Cannot install Powershell Snap-in

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When executing iis7psprov_x64.msi I immedialy receive a message saying:

The PowerShell snap-in is part of Windows Operating System. Please install it via 'Programs and Freatures' or 'Server Manager'

Extracting the msi and attempting to run it that way also yields the same message.

I am installing on Win7(64bit) with IIS 7.0.

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