This is a guest post from Rohan Likhite. You can find @RohanLikhite on Twitter, or check out more of his blog writing from his Posterous profile here.
After messing around with the iTunes equalizer for a good 15 minutes, I think that I am finally satisfied with this configuration. Works great with most genres, though I mainly use it for electronic/alternative tracks. Try it out, I guarantee it will not disappoint.
Fire up iTunes and hit View > Show Equalizer. Don’t worry about the preamp, just adjust each band to match the one in the image. Then scroll up and click “Make Preset”. Enjoy!