Yes, but you will need to download the USB-Blaster drivers that are included with Quartus® II software version 10.0. The Quartus II software versions 9.1SP2 and earlier do not have official support for Windows 7 and the USB-Blaster drivers are unsigned which are not supported by Windows 7. As a work-around you can use drivers from the Quartus II software version 10.0.
If you have not downloaded the Quartus II software version 10.0 you can download the drivers below.
If you currently have a USB-Blaster installed you will have to go into the Device Manager, and expand the Universal Serial Bus Controllers section, select the Altera® USB-Blaster, and then select Update Driver. A Hardware Update Wizard will appear. You will need to do one of two things:
1) If have Quartus II software version 10.0 installed, you will need to select the (directory path to drivers)
2) Download the USB-Blaster driver and point to the unzipped USB-Blaster folder.