Both I did; in fact I am an admin, making it weird that I cannot access the iTunes folder. Double-clicking it gives the following error:
You currently do not have access to this folder.
Click continue if you wish to gain access to this folder.
After clicking continue another error appears:
You do not have access to this folder.
Use the tab Protection [ = in Properties, it's the 3rd tab from the left]
wish to gain access to this folder.
Then I go to Protection. Only an Information icon and the text "You are not authorised to view or alter the authorisation settings of this object" show up
The strangest part is: the folders iTunes and iPod are the only ones for which the error gets displayed.