iTunes 10.4 not opening in Lion

After I upgraded to Lion, every time I open iTunes I am presented with the following problem report:
Process: iTunes [15599]
Path: /Applications/iTunes.app/Contents/MacOS/iTunes
Identifier: com.apple.iTunes
Version: 10.4.1 (10.4.1)
Build Info: iTunes-10411001~1
Code Type: X86 (Native)
Parent Process: launchd [282]

Date/Time: 2011-09-03 22:30:24.483 -0700
OS Version: Mac OS X 10.7 (11A390)
Report Version: 8
Sleep/Wake UUID: 694DB5D9-9BA2-40EF-9D4F-DF06D54002FF

Interval Since Last Report: 19386 sec
Crashes Since Last Report: 5
Per-App Crashes Since Last Report: 4
Anonymous UUID: 8A6416F1-C93B-4063-AD85-D90E5C2584C4

Crashed Thread: 0

Exception Type: EXC_BREAKPOINT (SIGTRAP)
Exception Codes: 0x0000000000000002, 0x0000000000000000

Application Specific Information:
@executable_path/../Frameworks/iPodUpdater.framework/Versions/A/iPodUpdater

Dyld Error Message:
Library not loaded: @executable_path/../Frameworks/iPodUpdater.framework/Versions/A/iPodUpdater
Referenced from: /Applications/iTunes.app/Contents/MacOS/iTunes
Reason: unsafe use of @executable_path in /Applications/iTunes.app/Contents/MacOS/iTunes with restricted binary

Binary Images:
0x1000 - 0xe72fef com.apple.iTunes (10.4.1 - 10.4.1) <60832A2E-65C8-E99D-FD1F-B9ED05747D55> /Applications/iTunes.app/Contents/MacOS/iTunes
0x8fe00000 - 0x8fe3320b dyld (195 - ???) <33A6763E-295E-3FE1-9594-81B9E296BACC> /usr/lib/dyld

Model: MacBook4,1, BootROM MB41.00C1.B00, 2 processors, Intel Core 2 Duo, 2.4 GHz, 4 GB, SMC 1.31f1
Graphics: Intel GMA X3100, GMA X3100, Built-In, 144 MB
Memory Module: BANK 0/DIMM0, 2 GB, DDR2 SDRAM, 667 MHz, 0x7F7F9E0000000000, 0x565332475344533636374432202020202020
Memory Module: BANK 1/DIMM1, 2 GB, DDR2 SDRAM, 667 MHz, 0x7F7F9E0000000000, 0x565332475344533636374432202020202020
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x88), Broadcom BCM43xx 1.0 (5.10.131.36.5)
Bluetooth: Version 2.5.0b13, 2 service, 12 devices, 1 incoming serial ports
Network Service: AirPort, AirPort, en1
Serial ATA Device: Hitachi HTS542516K9SA00, 160.04 GB
Parallel ATA Device: HL-DT-ST DVDRW GSA-S10N
USB Device: Built-in iSight, apple_vendor_id, 0x8501, 0xfd400000 / 2
USB Device: Apple Internal Keyboard / Trackpad, apple_vendor_id, 0x0229, 0x5d200000 / 3
USB Device: IR Receiver, apple_vendor_id, 0x8242, 0x5d100000 / 2
USB Device: Bluetooth USB Host Controller, apple_vendor_id, 0x8205, 0x1a100000 / 2

I've tried everything including deleting the .plists, and it is very frustrating not being able to listen to my iTunes library Not sure if this is any help, but I've also had problems with Safari and iChat crashing also, although I've been able to fix them.

Tried re-downloading and installing iTunes. I know iTunes works under Lion I used it most of the day yesterday to listen to several internet radio stations.

Just tried it, I still get the same error report.