As you'd expect with all the problems reported with iTunes 7, Apple today released an iTunes 7.0.1 update (25MB) for Mac and Windows users that is supposed to fix a number of problems with the popular music player. The software update doesn't give an indication about what the update fixes:
With iTunes 7 and the new iTunes Store, preview and purchase high-quality hit movies plus new and classic games designed exclusively for the Fifth Generation iPod. Flip through your collection by album cover with Cover Flow, protect your iTunes library by backing up to CDs or DVDs, and much more.iTunes 7.0.1 addresses stability and performance issues with Cover Flow, CD importing, iPod syncing, and more.
A discussion board post by Apple's Mark W. adds that iTunes 7.0.1 "addresses stability and performance issues with Cover Flow, CD importing, iPod syncing, and more."
Early reports on Apple's discussion boards are that it fixes some things, but other things remain broken. Funky trackpads, unmounting RAIDs have been reported on Apple's boards, but a couple of reports don't create a pandemic, either.
I would recommend a 72 hour waiting period before installing iTunes 7.0.1, especially if you're current iTunes is working fine. Let the dust settle a bit, check out the usual sites, then install it.
My question is: where is the Aperture 1.5 update? It was promised "this week" :)