I've got great news!!!!
There is NOTHING wrong with the knee at this time!!!
Today the PT called to schedule an appt I had been meaning to get to since the baby was born for my sacrum/psoas issue! While there I told him about the ITB and the knee--and he checked the knee and the "checking" he did yielded no popping, so the knee is healthy.
As par for the course, the psoas/sacrum was causing pulling on the spine making me a crooked little lady--so I am fixable!!! (Hard to explain--but basically I am misaligned and it takes more than chiropractic care to get me realigned. In fact, the PT adjusted a part of my spine that even the chiropractor wasn't able to quite get to.

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And now post PT today, the ITB only hurts where the bruises from hubby's massage this morning are forming.
Hubby and I are strongly considering backing down on the effort though--more of a mix of walking and running if not all out walking, or wogging as others have called it.
I do like my body in one piece after all. I was already on tap to walk the half with my sister. Why not take John Bingham's advice and ENJOY the weekend...not rush through it with that silly running.
(Windwalker--thanks for the tips--but seriously, pre-surgery, I followed ALL tips and yielded no results until the little buggar was out of my knee. The difference pre and post surgery with my walking was night and day. I could try to go faster, but the knee pain characteristic of a meniscus tear was slowing me down. Without the pain--just call me speedy!

Example: Prior, 3.5ish was about as high as I could go for a walk, then I would switch to run b/c I couldn't go any faster b/c it hurt---afterwards....3.5 is my "warmup". Imagine someone putting a knife in your knee everytime you sped up...kind of what it felt like for me in one very localized spot.)