I'm back to running...but using an incredibly conservative IT band recovery plan which involves plenty of walking. It seems to be working.
I started with a 1 mile walk, then switched to my normal 4 minute run/1 minute walk strategy for 20 minutes. I felt a little tightness and stopped so it didn't turn into pain. I walked another mile or so, then ran for the last 6 minutes.
My leg feels great. It's hard to embrace walking, but I need to--for now, at least. It seems to be a very good way to get in some miles while still letting my leg recover. I look forward to the day when I don't have to be so careful though!
4.21 miles, 1:00:37 (14:23/mile)