New iTunes can not play music, can not locate songs in my music library

I only use iTune on my PC, so this Should be simple. I downloaded a new version of iTunes when prompted to do that. With the new version, I cannot play my music. It asks me to locate songs, but nothing helps locate them. I put ogver 4000 songs on my hard drive and now, thanks to going with the prompt, I cannot play any of them. What can this low tech 68 year old music-lover do to listen to his songs once again?

I'm afraid the problem is more widespread than just iTunes and the update didn't fix it. There's a thread out there about users not getting any sound/audio in Lion after wake from sleep or just having it idle for a long while.
Hopefully, Mac OS X 10.7.2 will fix the issue.
Thanks!

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