Hey MrCurwen,
I was able to find an article that included the same error message you're experiencing:
iTunes for Windows: iTunes cannot run because it detects an issue with QuickTime
http://support.apple.com/kb/TS1371
According to that article, if you see the error message "iTunes cannot run because it has detected a problem with your audio configuration," QuickTime may need to be reinstalled. Please follow the steps below to uninstall QuickTime and then download and install QuickTime using the QuickTime standalone Installer.
- On the Start menu, click Control Panel.
- Follow the steps appropriate for your Windows operating system below.
Windows Vista and Windows 7: Click Uninstall a program (or if using Windows Vista's Classic View of the Control Panel, click Programs and Features) and select QuickTime in the list of currently installed programs.
- Click the Remove button (or Uninstall for Windows Vista and Windows 7) and follow the prompts to remove QuickTime from your computer.
- Download QuickTime. Note: There are two options for downloading QuickTime, be sure to select the option that does not include iTunes.
- During the download:
- If you choose to run the installer, proceed to the next step.
- If you choose to save the download, double click the QuickTimeInstaller file, then proceed to next step.
- Follow the on-screen instructions to install QuickTime.
- Reopen iTunes.
Cheers,
David