Ambrosia Software iToner Custom Ringtones
So even though Mr. Jobs is rumored to be announcing ringtone customization software on Sept. 5th, Ambrosia went ahead and released theirs. possibly it’s a challenge to see whose is easier?

Although personally I can’t see an easier interface than drag and drop, which is was iToner is bringing to the table. According to the animation on their products front page there is a virtual iPhone that you just drag and drop your AAC or MP3 files into and thereupon visit “sync” and viola! it copies your files by as ringtones.
Original post by Staff Editor
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