12-14-2011
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RH 7 would run perfectly fine. However I believe you're confusing RH with RHEL which is the flagship and current release from Red Hat Inc. (although it's not free anymore - you have to pay for support).
I'd suggest you install CentOS which is a distribution based on RHEL... CentOS even claims to be 100% binary compatible with RHEL.
Fedora is also RHEL-based but most of its bundled software is beta, experimental, RC, unstable, etc so there may be a few bugs here and there.