Apple reveals that custom ringtones are coming to iPhones via iTunes. Ringtones can be created from tracks purchased from iTunes Store, for $0.99 cents. Not all tracks sold on iTunes Store are licensed for ringtones, as shown at Apple site.
One thing is still unanswered. Can one make a completely custom ringtone, from an original composition. I for one, have my own music that I wrote, and want to use as ringtones.
Updates to iTunes is coming soon.
http://www.apple.com/itunes/store/ringtones.html
