According to Gizmodo, yesterday's Garageband update has a new "Share > Send Ringtone to iTunes" feature that has been long predicted:
http://docs.info.apple.com/article.html?artnum=307108
I'm at work unfortunately and can't test this out. Does anyone know if this really does work?
http://docs.info.apple.com/article.html?artnum=307108
I'm at work unfortunately and can't test this out. Does anyone know if this really does work?