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John Gruber blogs about ringtones and is amazed that it is such a big business and ripoff as well. I always thought as ringtones as just short audio pieces. However I do not really have experience with it, although I did see the ridiculous high prices.
Now I wonder how open this all is. Can I create a ringtone myself? Can I download it then to a phone? Which phones are then supported? What does this eco-system look like? And if it is open, why do people pay so much?