My thoughts on MySpace are that it's an incredibly useful tool for finding and listening to bands that you otherwise would have a hard time pinning down. BUT. It boggles my mind that a tool that is so universally known and accepted could be so ugly.
The Smashing Pumpkins page (here) is a perfect example. Their MySpace page is absolutely gorgeous by comparison to almost all other MySpace pages I have seen - way, way better than almost all the rest... and it still is not very nice.
Anyway, as the title says. Here is a blurb from my sad little MySpace page:

