I have trouble seeing the benefits of MySpace for me. If I want to communicate with friends I use e-mail, Skype, or the telephone. I never was a great person for just chatting and would not feel comfortable making new friends this way. It certainly has the possibility of creating all sorts of mischief both minor and major. Maybe I value privacy more than many of a later generation.
Teen agers and others who love to chat would love MySpace. It is an easy way for them to communicate with many friends all at the same time.