Those directions for rebuilding the iTunes Library are good (and basically the same as the ones from Apple:
http://docs.info.apple.com/article.html?artnum=93313). It does, unfortunately, lose the play count and last played dates (why? why? Isn't this stored in the XML file too?)
Another hitch for me is that when I do this, all of the dependencies between my smart playlists get broken. Apple has instructions for backing up and restoring playlist information at
http://docs.info.apple.com/article.html?artnum=93763, and it seems to work, even for smart playlists. What chafes my bum, however, is that it seems like I'll have to export my playlists one at a time (you can't export a folder of them all at once, and you can't select multiple playlists at the same time), and then reimport them again in exactly the right order.
This wouldn't be a huge deal if I didn't have literally hundreds of interdependent smart playlists. The order of import clearly matters, and the tediousness is just ridiculous. Wouldn't the point of re-building the library be
not to break things like this?
Not quite sure where to go with this. I have a good backup of my old iTunes library... I'm thinking downgrading to 7.2 again and then praying that 7.4 (or 8, or whatever) will import the library correctly, without hosing it.
Not a happy camper.