After doing a quick experiment I succeeded in getting Ogg Vorbis files to play in iTunes. Since iTunes relies on Quicktime to playback audio I searched for a plugin for Quicktime that plays Ogg Vorbis. I found this plugin. Using that plugin I was able get Vorbis files playing back in iTunes. The plugin is both for Mac and Windows. Here's how to get Ogg Vorbis working in iTunes:
Download this plugin.
Extract it from the zip file.
For Windows users, put it in your C:\WINDOWS\System32\QuickTime folder.
Restart iTunes if it is open and then add a Vorbis file to the iTunes library and it will playback and even read the tags.
Enjoy.