Originally Posted by Csm_tc
Version 1.01 is now available, I am currently downloading it right now, but the bad news is that if you currently have your phone hacked (ringtones, carrier logos, etc) I think you may have to restore your phone to the factory settings, well at least that's what I had to do

Negative. not everyone needed to restore. some were just unfortunate enough to be required to.. the 3 ringtones I put in through the Iphoneringtone makers are still there and working.