GarageBand’s newest update to v. 4.1.1 now has a Share option which includes Apple iPhone RingTones. So, now I can legitimately take something I’ve created in GarageBand (or made into a track in GarageBand… wink, wink) and turn it into one of the Blessed RingTones without having to pay the iTunes tax.
Thank you Apple.
[I'll have pictures up on this process soon. Or, maybe better yet a Seesmic post. Expect it will be up Monday unless we score electricity at our house over the weekend.]