So I’ve conceded and installed iTunes 7. Haven’t tried updating my iPod with it yet, but I’m sure I’m going to run into some issues…it being Windows XP and all…

Anyway. iTunes 7 supports burning CD text (only about 50 years too late). On the Burning tab in iTunes’ preferences, there is now an option to ‘Inlcude CD Text’ when burning a music CD. This option is not enabled by default, you need to go and turn it on.