Go and download the ILM VHD Microsoft have just released a VHD of the Identity Lifecyle Manager 2007, a 5 part download a total of 3.3Gb.

You can find out more in the Readme (a self extracting EXE), and all the passwords accounts in the demo are “password”

If you want to know more about Lifecycle Manager (it the new MIIS) check out the Microsoft Identity Lifecycle Manager 2007 Frequently Asked Questions