IPhone ringtones DIY in Windows

Ever wondered how to quickly make your own ringtones for the new Iphone4 IOS in windows:
Heres what you'll need

1) Audacity 1.3 Beta  (can convert any audio file type to any other audio file type...neat little FREE app)

http://audacity.sourceforge.net/download/beta_windows 

and 3 plug-ins:           

LADSPA plug-ins 0.4.15 installer (.exe file, 1.5 MB) - over 90 plug-ins.
LAME MP3 encoder - Allows Audacity to export MP3 files.
FFmpeg import/export library - Allows Audacity to import and export many additional audio formats such as AC3, AMR(NB), M4A and WMA, and to import audio from video files.

2) Any .mp3 song of your choice.

3) ITtunes and IPhone

Step 1 Things to do before we start

Download & Install Audacity with all required plug-ins and any additional add-ons you want. Install all add-ins into the Audacity folder.

Create a folder called Ringtones under your root directory or External drive. (Which ever you choose)

Navigate to the folder options ----- and select VIEW whilst in the Windows explorer window. (Organise.....Folder and search option...VIEW.... under vista & win 7)
UN-tick the HIDE FILE EXTENSIONS OF KNOWN FILE TYPES box.......Apply.......OK ......close all boxes and windows....