You are misinformed. Microsoft even supports Vista, not to mention 7. [1] In addition, if XP support deadline extensions are anything to go by, then these Windows 7 end-of-support dates will get moved several times until they stick. Beyond that, Windows 7 remains by far the most popular Windows version, exceeding the combined market share of Windows 8, Windows 8.1 & Windows 10. [2][3]
Unrelated to market share & OS updates, there's the technical question. There aren't many Win32 APIs which are present in Windows 8, but not Windows 7. Thus it's not that likely that Windows 7 wouldn't be supported by a Win32 app (which this is), unless they go out of their way to make it so.
Ending mainstream support is Microsoft's way of saying: from now on you'll only get security fixes and no new features. Windows 7 support hasn't been dropped in any other way.