File "iTunes Library.itl" HELP!!!

Question

OK, so I tried 2 be slick about this iTunes thing, and I did a System Restore on my comp. Reinstalled iTunes 6.0.5, but now I can't open iTunes, and I keep getting this message: The file "i Tunes Library.itl" cannot be read because it was created by a newer version of iTunes"
WHAT SHOULD I DO???? I'M ABOUT 2 LOSE MY MIND!!! Do I need to undo the System Restore and go back to iTunes 7 or what???

Answer 1

Recreating the iTunes Library file
Follow these steps:
Quit iTunes.
Locate your iTunes folder.
For Mac OS X the iTunes folder is stored in one of the following locations:
/Users/username/Music
/Users/username/Documents
Note: You may need to check both locations.
For Microsoft Windows the iTunes folder is stored in
\Documents and Settings\username\My Documents\My Music\
Open your iTunes folder.
Drag the iTunes Music Library.xml to the Desktop
Drag the following file from your iTunes folder to the Trash:
Mac OS X: "iTunes Library" (in versions of iTunes prior to 4.9 this was called "iTunes 4 Music Library").
Microsoft Windows: "iTunes Library.itl" (in versions of iTunes prior to 4.9 this was called "iTunes 4 Music Library.itl")
Open iTunes.
From the File menu, choose Import.
Tip: Do not add any music into iTunes at this point.
Navigate to the iTunes Music Library.xml file on the Desktop.
Click Choose.