One warning though
Just a word of warning for those with young kids.
My friend's 11 year old daughter set up a page and posted that she was 18, and then she got my 10 year daughter signed up and put her in as 19. (Note: you have check off that you are at least 18 to have a page there.) And the friend's myspace page was just "a bit too adult-like" for comfort. Her parents were furious. At least my daughter's page was only 2 days old when I found out and deleted it.
If you want to see what some of the younger people are saying, take a look at some of the "so called 18 year old" pages. I would guess that 1/2 are under 18, just by the music they say they like, etc.
Yes, a great place for adults, but be very, very careful if you have kids.
It was my daughter's first "mistake" in her responsible use of the internet. But, she now knows a good lesson. And, I will be watching her IM much more closely too. And, yes, the PC is in the middle of the family room, so we can monitor her. (BTW- her myspace page was made while at this friend's home.)
So, again, MySpace may be great, but only for adults.....