Hmmmm. I checked the Applications folder and I just have one iTunes folder/icon which says it was last modified on June 2, 2005.
It's also showing in the PReferences, Installed Updates that I'm running 4.8 so it's weird it's not detecting there's a new version available and downloading it. Here's what the log file said:
2005-06-02 23:34:09 -0400: Installed "iTunes" (4.8)
2005-06-02 23:34:12 -0400: Installed "iMovie HD Update" (5.0.2)
2005-06-02 23:35:09 -0400: Installed "Mac OS X Update" (10.4.1)
2005-06-14 00:10:24 -0400: Installed "Security Update 2005-006" (1.0)
2005-06-28 10:15:49 -0400: Installed "iTunes" ((null))
2005-06-28 10:16:22 -0400: Installed "iPod Updater 2005-06-26" ( )
This is also at the end of my list under Installed Updates which you can tell is some type of syntax error because iPod Updater isn't displayed at the bottom:
2005-06-28 10:15 AM iTunes (null
Any other ideas?