iTunes, iPhone 2.0 unable to connect because of SSL 3.0 or TLS 1.0

Assume I am not the only one with a new iPhone and the following lovely little screen




I assume its related to the fact that iTunes is taking a hammering and as is 02 as reported in the Times people are being sent out with inactivated iPhones

Both are definitely enabled in internet explorers settings

Update onto the next stage