Creating custom ringtones is possible without jailbreaking, but it’s still not the simplest feat in the world.

Jailbreaking, on the other hand, makes creating custom ringtones extremely easy.

AnyRing is one such jailbreak app dedicated to creating custom ringtones, SMS alerts, and mail alerts. Check out our video highlights of the recently updated app inside.

AnyRing has been around for quite a while, and was most recently updated to include compatibility with the popular jailbreak tweak entitled CallBar.

The premise behind AnyRing is to let you create your own custom tones using the songs on your Music app, your voice, a music search, a YouTube video, and more.

Once a song has been selected, you can choose to to loop it, and adjust its duration. It’s a very thoughtful and well laid out jailbreak app that lends you the ability to create custom tones for all, or even specific contacts.

There’s also the ability to share tones with other AnyRing users via Bluetooth, if that’s your thing.

I know some people have had issues with AnyRing in the past, but this update has worked flawlessly for me on my jailbroken iPhone 4S.

Even at $3.99 (there is a free trial), it’s hard not to recommend an app that lets you customize your ringtones in such an easy manner.

If you’re interested in trying out AnyRing, head over to Cydia’s BigBoss repo where you can download a free trial.

What’s your experience been with AnyRing?

Update: No, for those asking, this does not require iTunes, syncing, etc. Just select a ringtone and go.