With the new version of iTunes already out, making your own iTunes-compatible ringtones is now easier than ever. iRing is a new automator application that will take your already-customized AAC (.m4a) music file and sync it with your iTunes’ ringtone library.

You’ll still have to edit your favorite song to the appropriate section and length for use as a ringtone, but as soon as you do, just hit up the iRing app and get ready to sync the ringtone to your iPhone. The application will only work when iTunes is closed, but seeing as how it works with the new iTunes version 7.4.1, it’s a small price to pay.

Grab your copy of iRing here.