ITunes failing to open - error message reads "New iTunes Library"

My computer turned itself off last night after overheating.. this has happened before. I went to turn it on this morning and it went through a start up process to ensure now problems occurred. It is now back up and running yet my iTunes will not open and it comes up with an Error message and a Red Cross to say "new iTunes library" when I haven't done anything. I can't open my music or even sync my phone! I have an Acer 5733 laptop and its running in windows 7. it's only a year old... help!!!

are you running any anti virus software on your machine ?

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