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I would personally be disappointed if the Apple event scheduled for next week would "only" be about ringtones, but many iPhone users would more than welcome this feature. According to the NY Post, Apple will unveil a new ringtone service that will allow iPhone users to turn almost any song sold through iTunes into a ringtone. Of course, users will have to pay an additional fee.

"In a new twist, iPhone users will have the ability to choose any part of the song they want as their ringtone," the Post said. "Most major ringtone offerings from Verizon, AT&T or Sprint feature pre-determined samples." More traditional music ringtones could also be released by Apple.

The NY Post had no pricing information but a source said to the newspaper that the ringtones may be marketed as enhanced downloads, just like the DRM-free EMI catalog.