Mm. Myspace. IMO there are better ways of keeping in touch with people online, for example, traditional methods such as IM or E-mail and simply talking to them. Stupid as I think it is, I really don't have much against MySpace. It is the users choice after all if they use it and how much info they put about themselves on it.
One thing though, it's damned funny when people take the piss out of it and thier users.
Try searching on YTMND from time to time.
EDIT: Oh yeah, it's kind of obvious from this post, but nope, I don't have a Myspace account. :P Instead I have a Deviantart account - Most of my friends are on there too and we share artwork and photos and crap.
Thinking about it though. . . I mean, Myspace is about community, right? You can't get too much of a community spirit using just E-mail and IM. . . Augh, just ignore this.