Sizzling Keys
Cost : FREE
Best piece of free software I have ever used!
Lets you control iTunes from global hotkeys (all definable).
It also lets you assign a star rating from global hotkeys, sleep your Mac from a global hotkey, it displays a floater window with album art, song rating and title/artist/album info.
Please do yourself a favor and download this! You can also buy a more advanced version for $5 which will help the devs.