All you iPhone owners out there should know that if you upgrade to the new iTunes you will no longer be able to use the ol’ ringtone workaround anymore.
Apple might be neutral towards third-party iPhone software development, but it's apparently downright hostile when it comes to DIY ringtones -- just 10 days after releasing iTunes 7.4.1, which killed off an easy way of getting your own ringtones on the iPhone, the company has dropped iTunes 7.4.2, which obsoletes the latest ways of getting your own sounds on the phone, including popular apps MakeiPhoneRingtones and iToner.
Stuff like this is precisely why i hate apple and refuse to ever give them a dime. For every "pretty" item apple puts out, there are at least 2 alternatives that are better and cheaper.