So I set up an external drive to house my iTunes library, copied the entire library over to the new drive and then went into iTunes -> Preferences -> Advanced to give it the new location. It then gave me a progress bar updating the new library and followed that with a message asking: Would you like iTunes to move and rename the files in your new iTunes Media folder to match the "Keep iTunes Media folder organized" preference? Is it asking if I still want files organized, or it is thinking it needs to now copy everything from my library over to the place where my library now is. Which I already did!?!