FINALLY got my iTunes to update but now it won't open, the error message is "iTunes Library.itl" cannot be read b/c it was created by a newer version of iTunes.

This is getting irritating. I finally get the update to install now I get this new error message, I don't get it. I have Windows 7, all the updates have been installed on that, but I can't get the stupid iTunes to open. Seriously annoying! Can anyone help me?

I don't know why this error occurs, unless you have attempted to downgrade iTunes.
This method should get you up and running again.
Empty/corrupt library after upgrade/crash
Hopefully it's not been too long since you last upgraded iTunes, in fact if you get an empty/incomplete library immediately after upgrading then with the following steps you shouldn't lose a thing or need to do any further housekeeping. In the Previous iTunes Libraries folder should be a number of dated iTunes Library files. Take the most recent of these and copy it into the iTunes folder. Rename iTunes Library.itl as iTunes Library (Corrupt).itl and then rename the restored file as iTunes Library.itl. Start iTunes. Should all be good, bar any recent additions to or deletions from your library.
See iTunes Folder Watch for a tool to catch up with any changes since the backup file was created.
When you get it all working make a backup!
tt2

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