Is this a retarded question?
 

Al lots of people here, I'm new to limewire....and love it. However, I have a question for which I havent been able to find an answer to......Is there a way to download a song via limewire and have it automatically go into Itunes library. That way everytime I download a song all I have to do is plug my ipod to my cmputer it will update my new songs on it's own. thanks

Not at all!!

If you use Mac Yes and afaik, this will work in Windows too on later versions. options or preferences > itunes > Itunes importing > enable > apply.
This should import tunes and automatically creates^^^a play list called "Limewire" which will transfer on to your ipod^^^^"BLACK996LOVER's limewire tunes" will show if you are sharing ^^^ but will not go on your iPod. I hope I have this right as this is what happens in Mac:)

EDIT I inserted bit between ^^s as I seem to have messed this up! sorry!