AnyRing via Cydia is a great app for all those who love to have different ringtones. iPhone doesn’t allow you to set ringtones directly from your iPod playlist unlike Nokia and other Mobile Handsets. But now AnyRing software makes it easier to set ringtones your songs as your ringtones.
However, there are a few issues. Firstly the app is paid and costs $3.99 which I consider is pretty high for such an app. The second issue is that you can’t set different ringtones for different contacts i.e., You can only set one default ringtone with this app. So, I believe people would go for an easier option of converting their songs on iTunes and then syncing it as their ringtone OR get an app which converts the songs into .m4r ringtones (yeah..there are many of them). One more thing is that you will need to install RockApp installer to get this app and then get a license for this app if you want to use it even as a trial. The process of creating an account on RockApp and then getting a license for the app is pretty tedious. So I recommend readers to avoid this app and use the free ringtone feature offered by iTunes.
Overall the app works fine and is pretty useful as well. However, it needs to be upgraded and also the pricing needs to be rechecked. The app is available for a trial period of ten days.
UPDATE: The updated version allows you to set different ringtones for different contacts..