My Iphone 3gs says it is still hooked to an older version of itunes

I want to update my i-phone to latest Operating system but it says I will delete all information on the phone due to it still hooked to a older Itunes I had on another computer. I just got a new computer and had some issues with my hard drive got most everything of it but itunes what should i do to get the new IOS and not delete everything off the iphone. The message as it states "There are purchased items on this iphone that have not been transfered to your itunes library you should transfer items to your itunes library before updating this phone". It also says in there that this iphone is connected to another itunes library and can only be conected to one. the other computer was old and had some issues I choose to stop connecting my phone to it. what should I do with out deleting the purchased apps on the phone.

http://discussions.apple.com/docs/DOC-3141

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