iTunes does it. Select the start/stop times of your MP3 file in the info window. Close the info window. Now, go to the Advanced menu and do the "Convert to MP3" option. Viola, a new MP3 is created with only your cropped selection. The original file is unchanged.
Gotta love undocumented features...
Oh, to get the MP3 itself, right-click on the new MP3 and do the "Show in Finder" option. There is is, right next to the original one...
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