The Steve may want you to cough up $2 for an iTunes track + ringtone but TUAW is watching out for your wallet. You already own the song. Use it the way you want. Here's a quick round-up of the ways you can save money on ringtones:
- SendSong: This utility lets you pick any song from your iTunes library and use it as a ringtone. Do not use iTMS-purchased tracks as ringtones.
- Windows Ringtones: Use iBrickr (free) or iPhoneRingtoneMaker ($10). You pick the song, they install them.
- Mac Ringtones: On the Mac, grab a copy of iFuntastic (free, but a wee bit unstable) or iToner ($15). These too turn your audio into free ringtones.