How can I get my iTunes to start up after a clean re-install?

Following the corruption of many of my Applications and Files, I had to have a Clean Re-install done.
That solved most of the problems, but when I try to start iTunes it comes up with the iTunes Software Licence Agreement.
When I click on Agree, I get the message "The File 'iTunes Library' cannot be read because it was created by a newer version of iTunes. That's it.
Do I try update my current iTunes 6.0.2, or what?
Your help in solving this problem would be much appreciated.

I can only speak from a Windows perspective.
Have you tried uninstalling Itunes, then uninstall quicktime and reinstalling both ?
if you log onto the pc as another user does itunes work then ? if so quicktime and itunes are fine and it's something specific to the user.
Try finding the itunes library (for vista c:\users\users name\music\itunes most likely), this is where your music is going to be along with what seems to be configuation files for itunes for that user. Try renaming.
Does Itunes work then ?
HTH

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