I am so glad to see this thread. Like multiple folks mentioned...I hope Apple listens. I did voice my opinion in their feedback option.
Having been an avid Apple product user (not avid towards the company) since 1990, I hate to see them migrate more and more to the Windows way of doing things. They are taking the fun out of owning Apple products just so they can win over some Windows users. Thing is, the PC will eventually become a minor player as the tablets take over.
Anyhow, here is a link on how to revert back to iTunes 10.7 http://news.idg.no/cw/art.cfm?id=6745EEDC-D375-F653-E33254EEBCA1978C
Not sure if the process in the link works, but based on what they say (about getting the error code), I lived that part, and being it's from ComputerWorld, I hope so. There is some 3d part software to buy, but it sure takes away the iTunes frustration. If someone has tried this process and can verify it works, we'd be pleased if you could post a reply.
Having reverted to 10.7 twice, first time, I just deleted/reinstalled iTunes. No good. I got the -42422 error and couldn't buy anything on the iTunes store (which isn't all that big a deal, but it also affected accessing my apps for my iPhone--A problem).
Another way to revert, is how I did the 2d time: after backing up via Time Machine, I wiped my hard drive and reinstalled 10.4, 10.5, and 10.6. Afterward installing the systems, I reinstalled my files. BUT, you do need to be careful about ensuring you save your User files where your personalization of the applications has been recorded---as in, for example, scores for games. After the wipe/reinstall, everything was fine until I downloaded the Combo 10.6.8 update. Now, I have iTunes 11 again. Bleah.
If I find something for Cover flow, I'll post it. If you were able to save your Front Row application, it has a very nice graphic view of the albums with a black background. Very classy. But, Apple dropped that. Brilliant. Thing is, at a certain point of os 10.6, the OS prevents you from loading Front Row if you don't have it on your computer already. And, even though I have Front Row 1.7, I can't upgrade to 2.x
Sad, Apple, very sad.