Apple today released iTunes 7.4.2 which addresses an issue with creating ringtones using iTunes Plus song purchases and includes bug fixes to improve stability and performance.
iTunes 7.4.2 is available via Software Update and also via standalone installers:
• iTunes 7.4.2 for Mac (38.3MB)
• iTunes 7.4.2 for Windows(49.1MB)
[Thanks to MacDailyNews Reader “JB” for the heads up.]