Oh, I'm sure it does.  I haven't used it in awhile (my current company is a Linux shop, so I'm blissfully removed from Windows now), but my experiences with Active State all indicate that they are above doing that sort of thing.

For example, when I got the license for the developer's kit, I was happy to see that it permits the user to run it on multiple computers, as long as it's just one at a time. This, in contrast with the software licenses of many other places, which forbid installing on other than a single computer.