baltwo wrote:
It's now the iTunes Media folder inside the iTunes folder.
It ws changed from iTunes Music to iTunes Media in iTunes 10.
Are you sure about that? I'm running iTunes 10.3.1 in SL and ML and both show this. BTW, I don't buy any music from the iTunes store and only play the iTunes radio, so maybe I'm missing something.

Something is messed up as there should not be an Album Artwork folder also inside the iTunes Music folder.
What does iTunes prefs > Advanced - iTunes Media folder location show?
Looks like (at some point) it was set to /Music/iTunes/ and also /Music/iTunes/iTunes Music/.
iTunes has been known to mess it up onocassion.
If you had an iTunes folder prior to iTunes 10 (dunno specifically which version), you had an iTunes Music folder (as shown).
Simply upgrading to iTunes 10 did not change the folder names.
If you now create a new library, it will be iTunes media folder.