Right now I have a fresh copy of Win 7 and Ubuntu on my machine, with all my essential programs/drivers installed.

I want to create an image of my drive so I can restore it to this point. What software is the best for doing this?

Also, I currently have a 60GB SSD. I am thinking of upgrading to a 120GB. Can I restore the image of my 60GB SSD on the new one? Thanks

Macrium Reflect is a free cloning/imaging program. There shouldn't be a problem cloning a smaller drive onto a bigger one.

http://www.macrium.com/reflectfree.aspx

Instructions: how to clone
http://kb.macrium.com/KnowledgebaseArticle50081.aspx

You may also want to look into clonezilla