iTunes 10.7 will not recognize iPhone 5 (or 4 or iPad 2)

So, I thought I was going to get ahead of things in anticipation of my iPhone 5 arriving by backing up my 4, but discovered that after updating to iO6 yesterday, iTunes will not recognize my phone. I tried my iPad 2, also running iO6 and it doesn't work either. I literally just got my iPhone 5 fifteen minutes ago and iTunes can't even see that's it's plugged in. I just see the screen showing the connect to iTunes icons. So, now I can't even get my 5 set up because of iTunes. I have already posted to at least five other threads where people were having this same problem on older iDevices. Anyone else having a problem with iPhone 5? I am running Windows 7 64 bit. This just seems to be an iTunes problem at the moment.