I'm not familiar with iTunes, but there's a nifty program out there I use to steal music off of YouTube or other websites. It's a freeware program called Mp3 My Mp3 (http://www.mp3mymp3.com) , and you can direct it to record whatever you would normally hear from your speakers just as well by selecting Mono Out from the Source tab. Best to play around a bit before you record the whole thing, you don't want it to come out too loud/too quiet.