Sorry about the delay, marlene. I've been brooding over what to try next.
Let's throw a more old-fashioned sort of Apple Application Support and iTunes uninstall/reinstall procedure at this one, involving a few additional explicit precautions. Best to print off a copy of these instructions, because at one stage of proceedings you won't be able to use a web browser.
The details of the procedure differ depending on whether you've got a 32-bit Vista or a 64-bit Vista. If you're unsure which variety you've got, see the following Microsoft document for advice on how to distinguish the two:
32-bit and 64-bit Windows: frequently asked questions
Preliminaries
Download and save a fresh copy of the iTunesSetup.exe (32-bit installer file) or iTunes64Setup.exe (64-bit installer file) to your Hard drive. (Don't run the install on line, and don't start the uninstall just yet.)
http://www.apple.com/itunes/download/
Quit any recent version of the QuickTime Player, Safari for Windows and/or the MobileMe Control Panel for Windows if you have them installed and open. (They all use Apple Application Support, and may interfere with the AAS uninstall if they are open.)
Uninstall Phase
Head into your "Uninstall a program" control panel. Uninstall iTunes. Uninstall Apple Application Support.
(From this point onwards, recent versions of QuickTime, Safari and the MobileMe Control panel will not launch, until we get AAS reinstalled by reinstalling iTunes.)
Next we'll remove any left-over program files and folders.
On a 32-bit system:
In "Computer" open "Local Disk C:" (or whichever drive you have your program files installed on).
Open the "Program Files" folder.
Right-click on the "iTunes" folder (if it still exists) and select "Delete".
Open the "Common Files" folder.
Open the "Apple" folder.
Right-click on the "Apple Application Support" folder (if it still exists) and select "Delete".
Empty your Recycle Bin.
On a 64-bit system:
In "Computer" open "Local Disk C:" (or whichever drive you have your program files installed on).
Open the "Program Files" folder.
Right-click on the "iTunes" folder (if it still exists) and select "Delete".
Go back into "Local Disk C:" (or whichever drive you have your program files installed on).
Open the "Program Files (x86)" folder.
Right-click on the "iTunes" folder (if it still exists) and select "Delete".
Staying in the "Program Files (x86)" folder, open the "Common Files" folder.
Open the "Apple" folder.
Right-click on the "Apple Application Support" folder (if it still exists) and select "Delete".
Empty your Recycle Bin.
Reinstall Phase
Restart the PC. After the PC restarts do not open any applications. Disconnect from your network and/or the internet. Now switch off all your security software (firewall, antivirus, antispyware).
Now start the reinstall by doubleclicking the iTunesSetup.exe or iTunes64Setup.exe file you downloaded earlier. (This should also reinstall Apple Application Support.)
Reenable all security software prior to reconnecting to your network and/or the internet.
Did the reinstall seem to go through properly? If so, does iTunes launch properly for you now?