If you own an iPhone and are tired of having to pay for songs or tracks at the iTunes store and then pay to turn them into ring tones Myxer announced a new service that may be just what you need. The Myxer service provides free ringtones and mobile content that is ad supported.

It’s not exactly clear what type of ads you have to put up with to use the service from the Myxer website. If the tradeoff for free ringtones and other stuff is tons of email from Myxer partners it may not be such a good deal.

"The iPhone is part of today's new mobile economy and like Myxer, it's helping to change the landscape of today's mobile environment," said Myk Willis, CEO, Myxer. "We're delighted to invite iPhone users to expand their mobile content choices through open access to Myxer's catalog and broad array of mobile content delivery services."

Via Myxer