NI-DMM 2.1.1 is included with the 7.0 Device Driver CD that comes with LabVIEW 7.0. But you are correct it is not included in the NI-DAQ 7.0 download from the website. They are different installers.
2.1 will require the runtime engine for the SFP, which is different then LabVIEW RT. The runtime engine is available for download as well.