iTunes today updated to version 7.5. No word yet on if the update affects anything iPhone...

Let us know!

(thanks Savon for the tip)

update:

Syncing: OK
Option Restore: Ok
Downgrade Firmware : Ok


Further Update:

This DOES break iNdependence for now. So no using iNdependence with iTunes 7.5...


(thanks, Jobs)

iTunes 7.5 - 41.3MB
iTunes 7.5 features the ability to activate iPhone wherever service is offered and support for Phase, a new interactive music game designed exclusively for iPod nano (third generation), iPod classic, and iPod (fifth generation). This release also includes bug fixes to improve stability and performance.

Quicktime 7.3 - 51.8MB
QuickTime 7.3 addresses critical security issues and delivers:
- Support for iTunes 7.5
- Updated support for creating iPhone-compatible web content
- Updated JavaScript support in the QuickTime Web Plug-in
- Numerous bug fixes

This release is recommended for all QuickTime 7 users.

For detailed information on the security content of this update, please visit this website: http://www.info.apple.com/kbnum/n61798.
thanks, ajfoggy