In the iTunes 10.0.1 update, Apple added a Ping dropdown menu which appears next to the currently selected song name. Since I found this to be quite an eyesore, I used a similar trick as my previous post on removing the iTunes store arrow links.
First, close iTunes. Next, with a text editor, open C:\Documents and Settings\UserName\Application Data\Apple Computer\iTunes\iTunesPrefs.xml on Windows XP, or C:\Users\UserName\AppData\Roaming\Apple Computer\iTunes\iTunesPrefs.xml on Windows Vista and Windows 7. Make sure to replace UserName with your own Windows user name. After the following lines:
add the code:
When iTunes is reopened, the Ping dropdown icon will be gone! This is a great way to disable that annoying menu. If you ever need to show the menu again, simply go back to the file and remove the lines.