My reinstalled iTunes keeps saying: THE FILE "ITUNES LIBRARY.ITL" CANNOT BE READ BECAUSE IT WAS CREATED BY A NEWER VERSION OF ITUNES....

I accidentally uninstalled Quicktime from my computer so my Itunes was not functioning. It told me to uninstall my Itunes, then reinstall it. Which I did.
Trouble is, now it comes up with 'THE FILE "ITUNES LIBRARY.ITL" CANNOT BE READ BECAUSE IT WAS CREATED BY A NEWER VERSION OF ITUNES'...which I believe is because before I uninstalled my original Itunes, I had not completed the recent update to the newest version of Itunes, whereas the one I just installed is the latest one.
So THEN, I download the previous version of Itunes (iTunes 10.2.1(x64)) but when I try and run it, it comes up with the message that the thing '...IS NOT VALID WIN32 APPLICATION'.
Now I'm stuck and have absolutely no idea what to do. Please help!

When iTunes updates, it should create a backup of your library file before updating.
You may be able to get back by using this article:
http://support.apple.com/kb/TS1967?viewlocale=en_US
When doing this, drag BOTH iTunes Library.itl and iTunes Library.xml to the desktop. You will need the xml file if the method above doesn't work.
In that case try this:
http://support.apple.com/kb/HT1451

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