I use I tunes 5 I rarely watch video's and usally watch them with whatever they happen to open by double clicking.
In my iTunes.preferences>advanced>preferences there is the option "copy files to iTunes folder when adding to Library". I have that dissabled.
So in fact my iTunes Library contains audio files from 3 Folders on 3 different drives. One of these three folders IS my iTunes folder and my Limewire download folder.
If I enabled "copy files to iTunes folder when adding to Library" I would no doubt need a fourth drive
If I have a file not in my iTunes folder I wish to add to the iTunes library, I select iTunes>File>Add To library and browse for the files. That way I do not create a new file. I was under the impression that dragging files to the library worked in the same way, but I am absolutely NOT sure
There is no reason you cannot add items from your download/shared folder in this way, ... I just have my iTunes folder as my download folder.
Does this help, or am I confusing even myself
?