I have a hard time understanding the novelty.
We have things like.. cellphones, telephones, email, mailboxes, instant messengers, and a pda to store all that information.
So why the heck do we need myspace?
I have a hard time reading some of the stuff people post. It's a pseudo-anonymous avenue for nailing chicks you don't know. If that's the point, then come out and say it... other than that, you shouldn't have to check 90 different gadgets to figure out what you're doing friday night.