If you're running iTunes 7.5 with an iPhone running 1.1.2, making custom ringtones is drop-dead simple again. All you need to do is download a new copy of MakeiPhoneRingtone and you're pretty much back in business. The only catch is that you need to edit your AAC files to 40 seconds or less. For that, the makers of the freeware app MakeiPhoneRingtone hope you pick Fission, their not-as-free audio editor. Maybe this is the carrot I was talking about yesterday to get people to think about upgrading to 1.1.2.