I can't speak for the N110 but I had no problems installing a full version copy of Windows 7 Home Premium as dual boot with the original XP on my NC10.
Samsung have recently released drivers and software for Windows 7 click here so you should be OK.
If you do take the dual boot route be aware of a problem with XP deleting restore points created by Windows 7. click here gives details on how to fix it easily.
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