ITunes 6.0.1 Quits on Vdeo Download

Starting wit iTunes 6.0, and still after downloading the 6.0.1 software upgrade, I can not download (or preview) videos/shows on my Dual G5 PowerMac. (Yes, QT 7.0.3 is installed)
Videos appear to download fine, but at the moment that it is about to create a preview and/or display the file ... iTunes completely quits. No warning or "Send Report to Apple" dialog, nothing. After restarting, nothing is there and the iTunes Music Store doesn't even register a "buy."
Anyone having the same problem?

Sure Mike, results follow.
G5-Tower:~ paul$ ls -Fal /Library/QuickTime
total 24496
drwxrwxr-x 22 root admin 748 Oct 26 10:17 ./
drwxrwxr-t 56 root admin 1904 Sep 7 19:41 ../
-rw-rw-r-- 1 root admin 6148 Oct 26 06:41 .DS_Store
-rw-r--r-- 1 paul wheel 362784 Dec 20 2002 ACTLComponent.qtx
-rw-r--r-- 1 paul wheel 1566262 Dec 20 2002 AXELplayer.qtx
drwxrwxr-x 3 root admin 102 May 13 06:27 AppleIntermediateCodec.component/
drwxr-xr-x 3 paul admin 102 Sep 24 2003 ApplePixletVideo.component/
-rw-r--r-- 1 paul wheel 42510 Dec 20 2002 Microcosm Decode.component
-rw-r--r-- 1 paul wheel 9143012 Dec 20 2002 QTFbx.component
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTime Updater.app/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTime3GPP.component/
drwxr-xr-x 3 root wheel 102 Sep 27 2003 QuickTimeComponents.component/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeFirewireDV.component/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeIIDCDigitizer.component/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeMPEG.component/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeMPEG4.component/
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeStreaming.component/
-rw-r--r-- 1 paul admin 365 Sep 26 2003 QuickTimeUpdateHelper
drwxr-xr-x 3 paul admin 102 Sep 27 2003 QuickTimeVR.component/
-rw-r--r-- 1 paul wheel 451018 Dec 20 2002 Zoomify.component
-rw-r--r-- 1 paul wheel 335236 Dec 20 2002 ZyGoVideo.component
-rw-r--r-- 1 paul wheel 243756 Dec 20 2002 on2vp3.component
G5-Tower:~ paul$ ls -Fal ~/Library/QuickTime
ls: /Users/paul/Library/QuickTime: No such file or directory
G5-Tower:~ paul$ ls /System/Library/QuickTime
ApplePixletVideo.component QuickTimeIIDCDigitizer.component
QuartzComposer.component QuickTimeMPEG.component
QuickTime Updater.app QuickTimeMPEG2.component
QuickTime3GPP.component QuickTimeMPEG4.component
QuickTimeBMPUpdate.component QuickTimeStreaming.component
QuickTimeComponents.component QuickTimeUSBVDCDigitizer.component
QuickTimeFirewireDV.component QuickTimeVR.component
QuickTimeH264.component

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