MP3-ringtone converter

There's a new app that will convert your MP3 to ringtones and the music industry is freaking out (despite the fact that phones like the P800, which can play an MP3 without any conversion as a ringtone, have been around for at least a year)

``It's problematic, because it has the potential to eviscerate the business model early in its development,'' said Ted Cohen, EMI Music's senior vice president of digital development and distribution.

Link (Thanks, Tom!)