Compatibility with 4.7

Please, help make this compatible with Drupal 4.7.. It almost seems to work "AS-IS." However, the settings cannot be accessed due to the new forms API, and there may be other issues with updated hooks. According to the form_updater module, it looks like there are only a few things to change with the forms api:
From 4.6

form_select(t("Omitted vocabularies"), "taxonomy_dhtml_overview_vocab", variable_get("taxonomy_dhtml_overview_vocab", array()), $select, t("Select vocabularies which should be <b>omitted</b> from listings."), "", 1); 

to 4.7

$form["taxonomy_dhtml_overview_vocab"] = array(
  '#type' => 'select',
  '#title' => t("Omitted vocabularies"),
  '#default_value' => variable_get("taxonomy_dhtml_overview_vocab", array()),
  '#options' => $select,
  '#description' => t("Select vocabularies which should be <b>omitted</b> from listings."),
  '#extra' => "",
  '#multiple' => 1,
);

and
from 4.6

form_textfield("Number of items", "taxonomy_dhtml_overview_count", variable_get("taxonomy_dhtml_overview_count", 50), 3, 3, t("The number of items to display per vocabulary in the overview page."));

to 4.7

$form["taxonomy_dhtml_overview_count"] = array(
  '#type' => 'textfield',
  '#title' => "Number of items",
  '#default_value' => variable_get("taxonomy_dhtml_overview_count", 50),
  '#size' => 3,
  '#maxlength' => 3,
  '#description' => t("The number of items to display per vocabulary in the overview page."),
);

This doesn't seem to help much, but it might be a start. I tried to update the module completely, but something in my efforts fell short. I hope someone else can carry on the effort. Thanks in advanced!