Apple's next iPhone won't be until late 2016, but should come with a new design.
Apple Updates iTunes to 7.4.2 [Updatedx3]
Whats New in this Version
iTunes 7.4.2 addresses an issue with creating ringtones using iTunes Plus song purchases and includes bug fixes to improve stability and performance.
Apple recently introduced 7.4.1 on September 7th. The 7.4.1 update had disabled a workaround that allowed users to create their own ringtones out of any song. No word on whether or not the 7.4.2 update causes any problems with unofficial ringtones.
Early Reactions from Comments:
- iToner (Mac) still works.
- iPhoneRingToneMaker (PC) still works.
- Other custom Ringtones appear to be removed (via MakeiPhoneRingtone) and can not be recreated even using 'proper' tag change techniques previously described.