Apparently if your trying to download anything on iTunes right now, including but not limited to Songs, Podcast, Apps or videos, your Sh*t out of luck, Since the Mac and iOS App Stores seem to be down!!! Hit the Jump for My theory!

UPDATE: Reports suggest As of 3:15pm ET iTune has been Operational!
@TatWZA

Well I think this won’t be too long, And I bet you a dime to a dollar this is just them resetting every thing for the New iCloud, which is set to be announced Monday at the WDC this Monday Coming, which on a brighter note Will be announced by Apple CEO Steve Jobs, which is exciting since we’ve all been worried about him since he went on medical leave to fight a serious Cancer issue, so it’s great to see him from time to time, like when he just announced the iPad 2