TURKCHGO  It should be noted that this only works with iTunes 7.4.1, not the current version of iTunes 7.4.2 which broke all of these free ringtone hacks.  
(Version 1.5.2)

ZZ TYPE  I like how the armchair developers here know how it should be done, but don't offer their own solution.

Don't grumble about the guy's free application. If you know how it should be done, write your own - and give it away free - so we can take shots at your generosity, too.  
(Version 1.5.1)

DRUMRDUDE69@AOL.COM  i was able to turn it into a ringtone but i wasnt able to put into my ringtones playlist on itunes which defeats the purpose!??? any help?  
(Version 1.5)

REIGNX  Downloaded and ran, didnt work as advertised... Version in application reads 1.2  
(Version 1.5)

ED MARCO  Doesn't seem to work. Tried several times and have no idea where the converted file goes if converted or if it even was converted. Some directions would help.  
(Version 1.2)

EMAGNUSO  A brand new app and you couldn't make it Universal Binary? I understand that for such a small task, being PPC probably won't make a difference, but still...  
(Version 1.0)

ZORGA  Does it automatically convert MP3s too?  
(Version 1.0)