[Will]

Well, I think it has too much mass appeal to be just a fad (like search engine mass-appeal, not pet rock mass-appeal).

But it is myspace: ewwww, because people can put just about whatever they want on those pages. Including scrolling, flashing green text on a red background, while having four bad rap videos playing in the background simultaneously; images placed everywhere, often overlapping; excessive use of ALL CAPS and n3t$p34k (translation: netspeak), etc. Lots of idiots who post comments and pictures about underage drinking, drug use, sex, etc, and then they get offended when they get busted based off information they posted in a public space. In short, myspace as a whole represents just how low the lowest common denominator can really be in our society.

Another way to put it: taking all the pages on myspace, if you add up the signal parts, and add up the noise parts, their ratio approaches zero as you look at more pages. Signal/Noise ratio of zero is really, really bad.