No Beatles... but Custom Ringtones?

AlleyInsider claims (reliability unknown) that "a well-informed source" has told them that the Beatles will not be introduced at Apple's media event next week.

Their source does expect a new iPod, but also a new Ringtone feature for iPhone users. According to their source, users will be able to make ringtones out of songs they've already purchased from iTunes. They also claim, however, that Universal songs won't be available for this feature.

In the days leading to the iPhone launch, we had heard from reliable sources that Apple was working on incorporating Ringtone features into iTunes, but that report claimed the service would cost $.99.