Unfortunately, an .xps file cannot be directly imported into Excel 2007 as a spreadsheet. XPS (XML Paper Specification) is a file format designed to preserve the visual appearance of a document, similar to a PDF file.

However, if the .xps file contains tabular data that you want to use in Excel, you can try converting it to a format that Excel can read, such as a CSV (Comma Separated Values) file. Here are the steps to do this:

1. Open the .xps file in the XPS Viewer program that comes with Windows.
2. Click on "File" in the top left corner, then select "Export".
3. Choose a location to save the exported file and select "CSV (Comma Separated)" as the file type.
4. Click "Save" and the file will be exported as a CSV file.
5. Open Excel and click on "File" in the top left corner, then select "Open".
6. Navigate to the location where you saved the CSV file and select it.
7. In the "Text Import Wizard" that appears, select "Delimited" as the file type and click "Next".
8. Choose "Comma" as the delimiter and click "Next".
9. Select the column(s) that contain the data you want to import and set the data format if necessary.
10. Click "Finish" and the data will be imported into Excel.

Keep in mind that the formatting of the data may not be preserved perfectly when converting from .xps to CSV, so you may need to do some additional formatting in Excel to get the data looking the way you want it.