This script takes each of your albums and makes a playlist for each one.
Also see the more modern Make Playlists By Tag.
Perhaps Also of Interest...
downloaded 1m 31s ago
Displays files in iTunes Media folder not in iTunes track library
downloaded 1m 33s ago
Applet assists with swapping, copying, appending data between track tags
downloaded 1m 41s ago
Perform search-and-replace on text in your choice of tags
downloaded 1m 43s ago
Change video kind and video related tags of selected video tracks
downloaded 1m 47s ago
Title Cap various track tags, featuring editable exceptions lists
downloaded 1m 52s ago
Delete characters from the beginning or ending of selected tracks' name, artist, album, comments, composer, or show tags