As the title states, I have a pirated version of Windows 7 installed on my pc, just because I didn't have the extra 150+ bucks. Now that Windows 8 is actually fair-priced, I'd like to know if I can upgrade (keeping my settings and files) and turn it to a legal OS. I used 7Loader on this PC if that's of any help.
It is not for you to decide what is fair priced and what is not. If you don't have the money, don't buy it and don't use it.