iTunes Not Recognizing iPod Touch
Three solutions on this thread.
1. Try different USB cable.
2. try to connect in recovery mode: http://support.apple.com/kb/HT1808.
3. If your iPhone, iPad, iPod touch or iPod nano (5th generation) is not recognized in iTunes on a Mac, you might need to remove and reinstall the Apple Mobile Device Service. Check out this article, http://support.apple.com/kb/HT1747