I'd like to use a snippet of a song I have purchased as a ringtone for my iPhone. Is this possible using only iTunes?
I have found a few guides on the web, but I can't seem to complete this task following these guides. I might be misunderstanding something, or the guides are out-of-date, or incomplete.
I am looking for a solution that will be useful for an extended period of time, for others who see this question. There are similar older questions, but I'm interested in iTunes version 10 on the Mac.