I have an iTunes account, have made tons of purchases over the years, done all the obvious. Know how to create a ringtone, it's just that iTunes wont let me. Even though it is purchased (ringtone compatible) music.
This is the error I get after clicking on bell to create ringtone :
In order to purchase ringtones, you must review and accept the iTunes Store Terms of Service. Click OK to goto TOS.
Click OK, takes me nowhere. Try it all over again. And begin the vicious circle again.