Great news, CfKid! ITBS is a tough one, so be careful. I had a bout once myself. It ultimately cleared up when I pulled a hamstring and couldn't run for a month This was when I first started running. I also developed peroneal tendonitis about 3 months after that. In retrospect, I believe both injuries were caused by wearing "stability" shoes. Another running store watched my gait on a treadmill and said I was neutral and didn't need stability shoes. I haven't had either problem since. Something to consider.
Good luck on your recovery.
"He conquers who endures" - Persius "Every workout should have a purpose. Every purpose should link back to achieving a training objective." - Spaniel
Master of Inconsistency
Ain't Wastin' Time No More !
Best of luck - you'll get through this smoothly I'm sure. Just don't do anything that makes
pain worse. Mix in some elliptical while you are rebuilding.