Apple today released iTunes 10.5 for both Windows and Mac users. The new version of iTunes contains a number of new features such as iTunes in the cloud which stores all of your music and TV purchases online and are accessible on your Mac/Windows/iOS devices any time you want them.

One of the things that iTunes 10.5 brings is the iOS 5 update for iPhones, iPads, and iPod touches, which will do away with the need to tether your mobile device to a computer to sync it. The new release also enables Wi-Fi syncing between the Apple mobile devices and iTunes on a PC or Mac.

In addition, the update adds some iCloud features, including iTunes Match, which will synchronize music on a user’s computer with iCloud storage, even for songs not purchased via the iTunes store. Once the music is up in your iCloud, you’ll be able to download it to any Apple device onto which you’ve logged in. The $24.99-a-year service isn’t available today despite the new iTunes release, but will go live tomorrow, October 12, according to a previous Apple press release.

Cloud is expected to go live either later today or tomorrow when Apple release updates to both Mac OS X and iOS. The full list of new features can be seen below:

  • iTunes in the Cloud. iTunes now stores your music and TV purchases in iCloud and makes them available on your devices anywhere, any time, at no additional cost.
    • Automatic Downloads. Purchase music from any device or computer and automatically download a copy to your Mac and iOS devices.
    • Download Previous Purchases. Download your past music, TV, app, and book purchases again, at no additional cost. Previous purchases may be unavailable if they are no longer on the iTunes Store.
  • Sync with your iPhone, iPad, or iPod touch with iOS 5.
  • Wi-Fi Syncing. Automatically sync your iPhone, iPad, or iPod touch with iTunes any time they’re both on the same Wi-Fi network.
  • Note: iTunes 10.5 no longer requires or includes QuickTime.

According to MacRumors, Apple is also updating iTunes Match for developers for testing with iTunes 10.5. The feature will be available to consumers at the end of October, but originally seemed like it would be part of iTunes 10.5 and iOS 5. Not the case, as Apple announced during its iPhone 4S media event. Though it’s slightly delayed, not getting iTunes Match just yet is probably for the best, as more beta time suggests the service could use the testing.

You can download the Mac and PC versions of iTunes 10.5 via the official iTunes site/iTunes 10.5 for Windows (64 bit), or via Apple Software update on both the Mac and Windows.