I update iTunes from 4.8 to 5.0 and now it wont open!

I get this microsoft error: iTunes has encountered a problem and needs to close. We are sorry for the inconvenience.
I have tried reinstalling/repairing but that doesnt work. This has benn coming up for a week now and I really want it fixed.

Ben
I got the same error, and I read a bunch of threads saying that Quick Time 7 needs to be installed separately. Also make sure your Norton or any other virus protection is turned off..it worked for me...hope it works for you!
Gina

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