MobileTones

MobileTones is a ringtone-maker, recorder, and converter. You can make your own ringtones for Android, Apple iPhone, BlackBerry, Windows Phone.
You can simply create ringtones from your audio and video files, or record something over a microphone or line-in.

You can even create ringtones from your DRM protected music files (legally), or from web streams, by easily capturing the audio directly from your soundcard.