Agreed with the free advertising camp. I did a msypace page for my business, but it's more of a fun thing for us. My real website (sig) is all business, but the myspace page is play time. My friends list shows this. Lots of eye candy, too. Still can't hurt to get in front of 110 million people for nothing. Just consider what 30 seconds during the Super Bowl would cost! (not apples to apples, I know...)
i dont see anything wrong with myspace. its something to do when ur bored as hell. free advertisement is good.
and ya cant lie...there are some hot chicks on there lol