okay, I don't like it for these reasons:

1. in the beginning, it was cool because it was used mainly as a kick-starter for unknown/underground bands. Now that seems to be shadowed by the millions of young teenagers wanting to "keep in touch" with friends across the sandbox, or even worse, people signing up just because everyone else is (and you KNOW there are people like that)
2. the fact that anyone can view someone's page. Makes it so much easier for stalkers to see your info. It wouldn't be hard to let only someone's friend list to be able to view the page. Hmmm..

It's just not for me. I don't want to spend hours of the day updating my myspace page so a couple people might leave me a cute message on my wall. No thanks