technewsworld.com —
"With iTunes Version 7.4.1, Apple has added a custom ringtone maker for the iPhone, allowing users to select some tracks from iTunes and convert them into song that plays when a call is received or when the alarm sounds. "Some" is the key word -- not all songs on iTunes are elligible for the ringtone treatment. The selection and conversion process is a little clumsy, too. The end result, however, satisfies."