Wow, I feel so stupid. I have done this so many times but never in Windows 7. I have downloaded Imgburn and minipartition tool partition manager from filehippo. When I open Imgburn and Browse to the file location were MTPM is, nothing is there. I had the same issue with my other W7 machine but though that it was because the Optical Drive did not support Writing. Don't know what is going on here. Maybe this one don't write either, although it says it does in the cnet specs:
What could be going on here, all the specs on that site have been accurate so far?