You hardly have a moment to catch your breath here on the iTunes update desk (cue teletype sound effects); 7.4.2 has just arrived in the hopper. What's new? Well, believe it or not, bug fixes -- and a fix for issues when creating ringtones from iTunes Plus (EMI, high-quality DRMless) tracks. Note this warning from reader Patrick: "Download a copy of 7.4.1 while you still can from Apple! This update even deletes your old ringtones." YMMV.
The update weighs in at 38 MB, grab it from Software Update or from here.
Thanks to Mentalsticks, Patrick & Eric for the heads-up.