Can't create iTunes ringtones for my iPhone

Question

I'm trying to create ringtones from my purchased iTunes music for my new iPhone, but when I try to create the ringtone, I get a dialog that states:
*"In order to purchase ringtones, you must review and accept the iTunes Store Terms of Service. Click OK to go to the iTunes Store Terms of Service."*
I click OK, the dialog disappears, and then nothing happens. I've tried this repeatedly. I'm confused. Any ideas?

Answer 1

Okay, I tracked down a solution. It's not in any of Apple's related FAQs (it should).
"I was having the same trouble as those posted here, and finally called iTunes Support. They told me that there is a "TOS loop" that happens on the first purchase of a ringtone from a song that is already in your library (in other words, you are repurchasing the tune to make a ringtone). Here is their work-around:
"Go to the iTunes home page, sign in, and download the FREE Single of the Week. There will be no charge. That will give you the prompt to "Accept the Terms of Service" window, which you should accept and click okay. Now go back to the music library window on your desktop, and select the song you want, and choose Create Ringtone. This time, because you've already purchased a new song for a ringtone, you won't get into the TOS loop, and you should see the WAV box at the bottom, which allows you to select and preview your ringtone, then click buy when you're ready."
http://discussions.apple.com/thread.jspa?threadID=1342853&tstart=0