The second new feature is Grid View, an iPhoto-like way to browse your music library by albums. The Grid view looks a lot like an iPhoto layout, and it provides a way to browse your music library by album without the need to switch to the full-on, graphics-intense Cover Flow.
It's not a lot, but the new Genius feature will hopefully bring a new dimension to your listening habits, helping you re-discover music you already have and possibly discover new music that you don't. You can download Itunes 8.0 here. Let's hear what you think of the new iTunes in the comments.