If you have been thinking about adding custom ringtones to your iPhone but don’t want to pay for them, then the Audiko site is for you.
Audiko is free and lets you create ringtones from your own songs or by downloading ones that have already been made. Simply upload your song, a little bit of editing and then download your new ringtone. There is a search feature, as well as Top 100 lists to choose from.
I think it is a Russian based site and I do wonder if it strictly legal in the US considering all of the copyrighted music that is available.