Just after I saw this thread dealing with the issues people were having with iTunes 7 this should come as a much appreciated update.
With iTunes 7 and the new iTunes Store, preview and purchase high-quality hit movies plus new and classic games designed exclusively for the Fifth Generation iPod. Flip through your collection by album cover with Cover Flow, protect your iTunes library by backing up to CDs or DVDs, and much more.
iTunes 7.0.1 addresses stability and performance issues with Cover Flow, CD importing, iPod syncing, and more.
Here is to hoping that most of the important issues people were having with iTunes 7 have been addressed.