Features:
- Open an existing audio file
- View a scrollable waveform representation of the audio file at 5 zoom levels
- Set starting and ending points for a clip within the audio file, using an optional touch interface
- Play the selected portion of the audio, including an indicator cursor and autoscrolling of the waveform
- Play anywhere else by tapping the screen
- Save the clipped audio as a new audio file and mark it as Music, Ringtone, Alarm, or Notification.
- Record a new audio clip to edit
- Delete audio (with confirmation alert)
- File formats

This application supports wav,mp3,amr,3gpp formats.
If you have a T-mobile G1 handset, just click on "Market" and search for "Ringdroid" to install it, else you can download from Google ringdroid site.