They are relaunching again. You're thinking of the failed relaunch when Rupert Murdoch bought it. MySpace sat stagnant for about a year before Specific Media and Justin Timberlake bought it for $35 million. They're currently in the process of relaunching with focus being on media not as just another social network to compete with Facebook. I can't reveal any information about it, but lets just say I'm pretty in the know of MySpace happenings and plans for the relaunch and a lot of people are going to be very surprised of the new direction.