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iTunes 10 is available later today, sporting several new features that change how you browse and discover content. This update also comes with a brand new icon, as Apple felt that the CD was outdated and that we as a whole are moving to digital downloads.

Apple has looked more at how screen real estate will be used, and how it can be optimized. With that in mind, the company has decided is that in list view, if there are five or more songs in a row with the same album, then the album art will be shown instead of the repeated text of the album title.

Coming with the new update is Apple's new social network, Ping. Ping is designed to help users find new music, concerts, and connect with friends. This will work much like a hybrid of Facebook and Twitter. You will be able to follow your friends and artists, and they will be able to post images, videos, posts, and show recent activity. Naturally, you will have to setup up a profile associated with your iTunes account to use this feature.

On an artist's page you will be able to see their favorite songs, posts they have made, as well as their next concerts. There will also be a "Follow" button so you can get all of their updates right on your main page.

Neowin has the details HERE!