The part of MySpace that I concentrated on the most were the music pages. At that point in my life, I was going to shows constantly, and most of my friends were in bands, managing bands, or working for smaller labels. I liked being able to listen to the music of bands I hadn't heard before attending a show so I knew what to expect. These pages also allowed my friends and I to find out when certain bands would be playing in our area and where they were going to be performing. With Facebook, I think I only get event invites form one band whose members happen to be old friends so I almost felt obligated to accept their invites, like them, or what not. I also remember that when another friends' band dropped their deal with Eyeball Records, they changed their name to, "RIP Going.Home" and received a ton of feedback from their fans. All in all, I really liked MySpace for its music pages, but am glad that Facebook hasn't tried to copy it (to my knowledge) because I do not think it would work well at all; not to mention I can't see it being at all necessary.
Cool new MySpace..