It worked fine! No problems.

Just tested it on new ipad Air, ios7. Took a small segment of Nugget in a Bisquit song, saved it -- then connected ipad to itunes. Saved file under sharing apps to desktop, put it in itunes. Reconnected ipad again, and selected correct tune. Disconnected ipad, checked SOUND in controls -- and it was right there! VERY easy. So it worked. Maybe other versions had problems, but this version, A-OK!

Loren22 about Ringtones>