so you still feel a little pain while going up stairs/down stairs, and up and down hills.

I'd tell you to rest until it gets better, but you won't listen so I'd say run as far as you want until it starts hurting. Anything less than pain is okay.

You should tolerate NO (read: ZERO) pain when running with ITBS. It will NEVER, NEVER, NEVER, NEVER heal if you run on it.

Hmmm, sounds wise.
Will keep this up for a few more days, see what the pain is like.

Yep, definitely find the root cause of your ITBS. Could be gait, orthotics, running surface (if you run on cambered roads, such as were in Disney, the leg on the LOW side can develop ITBS from overstretching the TFL; high side can develop it from forcing the TFL to SHORTEN), muscle imbalances, tight muscles, or some combination of all of the above.

For me, there are 2 things that I incorporate into my strength routine specifically to prevent ITBS: specific abductor strengthening (i.e., hit the TFL) and adductor strengthening.

Pain in or around the knees is frequently caused by an imbalance between the abductors and adductors and/or trigger points in the quadriceps muscles.

When you see runners going sideways on the treadmill or on the track, they are strengthening their abductors. There are a number of ways to do this--you can use low pulley (use VERY little weight to start), do the sideways walk thing for a few minutes each side, use stretch cords to walk sideways out and then back, put about a 24" loop of Theraband around your ankles and then walk sideways around your house, and finally the ab/adduction machine in a gym.

For adductors, you work on your VMO and actual adductor muscles. VMO exercises include wall squats while squeezing a small ball between your knees and straight leg lying leg lifts with your foot turned outwards (focus on contracting the VMO while you do this).

Adductor exercises can be done again with the low pulley or ab/adduction machine.

If you are a victim of cambered roads, then running with the bad leg on the LOW side will help if the TFL is overstretched (i.e., folks who always run against traffic will typically develop ITBS on their LEFT leg; so running WITH traffic for a few weeks can help it settle down); if the TFL is tight/weak, then do the reverse.

If your TFL is overstretched, then stretching it is futile. You need to let it settle down. If the TFL is weak, then strengthening it and stretching will help.

Tried to run today on the treadmill- Felt a bit better, but still a few twitches, so I turned over the elliptical for some distance work.
Kept the mind clear, and staying steadfast until this crap goes away.

Hmm, thats interesting. My podiatrist is charging me $60 to have them "re-furbished"

I am going through the same thing with my ITB right now. I am stubborn and love to run. I can tell you from experience take the time to heal. My first run I could not get two houses away from my front door. One week later I felt great in every day activities and got a mile away from my house when it got to be really sharp. Took 3 weeks off (Doing cross training in the mean time) and I was pretty much back to normal. Still stayed at 3-4 mile runs. Last Saturday got back to 7 miles. Feeling much better. Take your time, or you will just draw it out even further.

Kenny-
Thats a great principle. Most of my pains I have go away with time on the runs. Some of them tighten up a few hours later, but largely the pain goes away.