Now that App Store is out as part of iTunes 7.7 release, we are getting to see all the good things.
Here is a quick survey of first impressions:
John Falcone at CNet says - It's an easy must-have for any iPhone or iPod Touch owner who enjoys listening to music at home Dan Moren figured [...]

It's not there. Zilch. Nothing, nada! Not even help files!

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From the installation window pop-up. Standard stuff, system requirement is worth looking.
Use iTunes to import CDs or download songs and videos from the iTunes Store. Make playlists perfect for any occasion. Burn playlists to CDs and play them on your home stereo. Sync your media with iPod or iPhone to enjoy it on the go, [...]

Minute ago I saw this:

Now I see this:

iTunes image is still not updated.
App store screenshot coming soon..
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Too much success can lead to lack of focus. That seems to to be the case with iTunes. There is a growing outcry against iTunes for it's poor stability, lack of focus and general drift from it's music market origin.
Managing huge collection of music files in iTunes is anything but fun. It sucks and [...]