It doesn’t offer up complete automation as it’s up to you to get the track into AAC format, but after that itll take care of the work. If you remember the ringtone hack was simply changing the file extension, importing it into itunes, and then syncing your iPhone and then viola!

This software takes care of the first two steps for you. Just like the hack itself this program quit working when Apple released an update only a few short hours after releasing the new version of iTunes. However the hack has apparently been restored and this application has been updated so it works again as well.

The program is available from AppleGazette for free. So get to making your ringtones.

iRing: Automator application for creating ringtones [via TUAW]