While i think its good in a marketing sense for artists to be on there. Myspace is definitely less meaningful for unsigned people than even in 2006 when the music industry didnt own the music section of it. When "features" were always coming up for unknown artists of all genres on its frontpage. Now the music industry pretty much shares control of the whole thing and divides attention not by who is making amazing and explodingly popular music among myspace users, but by who is putting the most money into marketing their latest albums no matter how little attention users pay to it prior to its featuring.
Tom got rich, music got shafted.