As reported Apple is holding a special press-event on September 5th in Cupertino. The NY Post claims that Apple will announce ringtone download service for iPhones on iTunes at the event.
The ringtones would be available as add-on to songs. You would be able to convert any song into a ringtone.The ringtone business is huge. Apple must enter it the question is whether or not it is happening next week.
It is also anticipated that Apple will announce new iPods with touch interface and OS X core.
Wednesday is September 5th, so just a couple of days until we get new Apple gear.
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