iTunes 10.1 is a great media player that enables users to encode audio in an array of file formats including the Apple Lossless format, so you are able to compress files with minimal impact on audio quality. The latest v10.1 brings Ping, which offers music-orientated social networking, TV show rentals, support for the new Apple TV and a slight revision to the user interface. as well as improved support for your iPad and iPhone 4.
iTunes 10.1 link.
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