Exchange 2007 requires that some features be enabled on Windows Server 2008 prior to installation. It is also worth noting that only Exchange 2007 with Service Pack 1 is supported on Windows Server 2008. If you try to install Exchange 2007 without SP1 then the installation will fail.
You can download the full installation of Exchange 2007 with SP1 from Microsoft Technet
A quick way to install the required Windows Server 2008 features, is to utilize the ServerManagerCmd command for feature installation,
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ServerManagerCmd -i RSAT-ADDS #You will then be required to reboot. ServerManagerCmd -i PowerShell ServerManagerCmd -i Web-Server ServerManagerCmd -i Web-ISAPI-Ext ServerManagerCmd -i Web-Metabase ServerManagerCmd -i Web-Lgcy-Mgmt-Console ServerManagerCmd -i Web-Basic-Auth ServerManagerCmd -i Web-Digest-Auth ServerManagerCmd -i Web-Windows-Auth ServerManagerCmd -i Web-Dyn-Compression |
Then you can install Exchange 2007 on your Windows Server 2008 server knowing your server meets the requirements.