The iToner saga continues. As you might recall, iToner (which allows you to create ringtones for your iPhone using any non-DRMed AAC or MP3 files) no longer worked with the iPhone 1.1.1 firmware. All seemed lost, but those crafty folks at Ambrosia figured out a way to get iToner working as a beta. The beta has now been released as a full fledged update.
iToner 1.0.3 costs $15 and requires OS x 10.4.10 or higher and an iPhone.
Thanks to everyone who sent this in.