The current (?) version of iTunes, 7.1.1 has been cracked by the QTFairUse6 project. Now is the time to uncripple your purchased iTunes tracks (especially those brutally expensive, hard-to-rip audiobooks) before Apple spends more engineering dollars to punish you for wanting to "think different," "switch" and otherwise enjoy the stuff you bought from them. Link (via Digg)
Update: Note that this crack is only for Windows -- Mac users are still punished for buying from Apple.