Apple Unveils Upgraded, ‘Simplified’ iTunes [DETAILS]

(UPDATE 2) At today's Apple event, which featured the new iPhone 5, the company also unveiled major upgrades to iTunes.  The streamlined and more intuitive interface will be available to consumers in October.

Key new features include:

• Full iCloud integration
• New small and discreet mini-player
• Improved search and play features
  • While previewing a song, you can continue to browse, and it will keep playing
• Share directly from iTunes to Facebook and Twitter
• Easier playlists:
  • Move back to your library without closing a playlist
  • Drag and drop tracks where you want them
  • Click on a song or album and start to drag it the app automatically brings up a list of your playlists, so that you can add it.
• Click on an album and the window expands to show the tracks.  
  • Click on a song to play

The company also unveiled redesigned in-ear headphones now dubbed EarPods with what Apple says will be improved sound quality.  They can be bought separately and come free with the new iPhone as well as Apple's revamped line of iPods.