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I have both, but honestly, Facebook annoys me with all the applications.
I've noticed Myspace started a "news feed" but it's not nearly as detailed as the one FB has. If you change something in Facebook it will be specific like "texas*princess added ------ to her favorite music". The one on Myspace will just say "texas*princess edited her profile". But I'm sure they are trying to make it more like FB's eventually.
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