Q: My iTunes software says that there is a new version of iTunes (4.7), but the iPod updater says that I’m up to date. If I download the new version of iTunes, will my iPod/iTunes not work?
A: iTunes and the iPod software are two different animals; the iPod Software Updater manages the firmware (the software that is stored in your iPod’s hardware), and iTunes only manages music on your computer.
While your iPod is up to date, your version of iTunes is not. Grab the new iTunes and you’ll be all set.