Anyone know if RealSystem Server Basic 8.0 will run on Red Hat 7.1? I am also looking for an RPM if available. Where can I find either an RPM or a tutorial on the install?

Have you checked real.com?

I did install on Red Hat 6.x last year and it was pretty straight forward. All the info was available at real.com

If anyone is interested here is a good one.
http://www.yolinux.com/TUTORIALS/LinuxTutorialRealVideoStreaming.html

I installed it a couple of weeks ago on a RedHat 7.2 box.. It's working very good. Downloaded the source from www.realnetwork.com and installation was pretty easy, you just have to read the documents on how to configure it.