I won't be updating iTunes to 4.7 for some time, if at all. I really like iTunes, but I don't want to have to manually download three updates for both my Mac and my brother's PC just to share music libraries.
And I hate that iPod software keeps showing up in Software Update. My 3G iPod is as good as it's going to get. No more iPod Software, please.
Interestingly, version 3.0.2 is the one that is in my Software Update. If 3.0.5 has been released, I would have thought it relatively painless to have it replace .2 in my SU.