Yes, there are 5 different settings under the sound category, but the Setting>Sound>Notification>New Text and Messaging>Setting>Notifications>Choose ringtone are somehow synchronized. No matter what you choose on either one the same ringtone will be set for the other. I can't sure if I remember correctly, but before updating to Jelly Bean I'm pretty sure there is a separated options for "default notifications" and "new text notifications". If anyone is still on TW firmware ICS for PadFone 2, can you kindly check it out for me please?