Running Eclipse on Windows 7 JRE and JDK not found

Question

I downloaded the latest Eclipse on Windows 7. When I click the eclipse icon it throws the following exception:

Answer 1

Same happened with me on win7. I had 2 folders for 'program files'

1. Program files
2. Program Files(x86)

java folder was present on both. For environment variables, I have given the path of java from program files(x86)...\jre6\bin. Then I had downloaded new java 7 version update. Then had tried to open eclipse, it worked and i had not made any changes to eclipse.ini file. My eclipse.ini didnt have any reference to the -vm argument.