UPDATE 12/14/07: Apple has now made all of this very easy in Garage Band. Here is how.

picture courtesy of listener Ross

Today I cover how to use Garage Band to make and optimize ringtones for the iPhone.
I am publishing the highest quality and resolution file on the feed and here for the blog. This is on purpose, because I feel that I need to present the highest quality product that I can. It is optimized for Apple TV and streaming. This file will not work on your iPod or iPhone

If you want the iPod or iPhone files you can go here to this page. These files are meant to be downloaded and played on your iPod or iPhone.
(watch on your browser)

For iPod or iPhone files you can go here

Click on the picture to start playing

Side note: I originally posted this show on Amazon S3 network but soon (very soon) found the bill was getting too high. With about 33% of my audience downloading the show I was almost at $20 US for one show. So I have moved the main file and upgraded my Libsyn account. It was a good experiment however