I Got an error while trying to download itunes help PLZZZ?!?!?!!?

Ok when i just got my first ipod touch for my birthday on november 11th. i tried to hook it into itunes but then it says it does not support this device. so then i went onto the website and downloaded itunes 9 it said
The application has Failed to start because its side-by-side configuration is incorrect. Please see the application event log for more detail.
so after that i was wondering hmm what happen if i deleted itunes then download it and so i did i put it so it runs as administrator and when it was about to finish installing this error comes up.
an error occurred during the installation of assembly 'microsoft. VC80.CRT, Version ="8.0.50727.4053" ,type = "win32" ,publicKeytToken = '1fc8b3b9a1e3b" ,process orArchitecture ="x86". Please refer to help and support for more information. HRESULT: 0x8007054F.
It would be very greatfull if someone helped me find a solution. because im getting a little impatient

I got the same message, followed all the suggestions except turfing vista out the window. HELP would be great

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