Waiting for changes to be applied

[damenace]

I'm having a problem since updating to ios5. When i try to now sync my Iphone4 with Itunes it gets hung up at the "waiting for changes to be applied (step 8of 8)" screen. I've left it connected for 20-30 minutes with no change. Only way i can get out of it is to exit out of itunes entirely.

Anyone else having this issue?