I was reading iphonefreak.com and came across their post about an easy way to create custom ringtones. While the idea of a custom ringtone was interesting I was never interested enough to buy software and we don’t have the latest Garageband.
Their method requires a piece of free software and iTunes. After a quick read of the simply instructions I was able to create a few basic ringtones. Maybe not the not polished editing but you can’t beat the price.
Follow the link for more info.