Many people have this question “Does Sharepoint gets installed on Vista?”. The answer is yes. I installed MOSS on my Vista machine yesterday successfully.
All you need to install Sharepoint, WSS or MOSS, on Vista is
Download Vista Helper file from here, and run the setup file WssVista.msi.

Sharepoint on Vista
You will see an UAC prompt select Continue to proceed with the installation.
Once the install has completed you will find the SetupLauncher.exe in the install location you selected. If you didn’t change the default option you will see it under the directory ..\Program Files\WssOnVista\

Sharepoint on Vista
Before starting the setup make sure you have enabled IIS with the following options, Web Management Tools and World Wide Web Services. Enable at least the following options and choose OK.
To set this Go to Control Panel and click Programs. Under Program and Features click Turn Windows features on or off.

Sharepoint on Vista
After completing the above steps it’s time for the interesting part. Locate SetupLauncher.exe and start it. You will once again see an UAC prompt, select Continue.

Sharepoint on Vista
After the SetupLauncher run, select the WSS installation file Sharepoint.exe, or the MOSS installation file, and click OK. First, the package will be extracted.

Sharepoint on Vista
After the files have been extracted the WSS setup program will be started.

Sharepoint on Vista
The current version only supports the advanced installation option so select that one.
Sit back and relax while SharePoint is being installed, you are running Vista remember
Once installed you can configure your Sharepoint setup.

Sharepoint on Vista
Let the Configuration Wizard do it’s work.

Sharepoint on Vista
The final result is WSS running on Vista, Enjoy!

Sharepoint on Vista
Resource:
You can find more on their forums. Enjoy!!!
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