PocketMac Ringtone Studio for iPhone
Information Appliance Associates, the company that brought us the PocketMac series of sync software, has announced PocketMac Ringtone Studio for iPhone.
While the $14.95 application doesn't do anything that you can't already do with GarageBand and a little bit of knowledge, it does make creation of custom iPhone ringtones a lot easier. You can drag any unprotected music or QuickTime movie file to PocketMac Ringtone Studio, select a 30-second bit for the ringtone, and then export the ringtone into the iTunes "Ringtones" folder. The video above shows the entire process, along with a strange "jazz and random banging on the piano" soundtrack.
There are some other alternatives available for creating your own ringtones:
Rogue Amoeba's MakeiPhoneRingtone (free)
Ambrosia Software's iToner (free to try, $15 to buy)
As usual, the PocketMac folks offer a 90-day "no questions" money back guarantee on their software.