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MySpace: becoming unusable?

I just logged into the Junkplanet for the first time in a while to find 5 pages of comments, many from friends and people I know, but pretty much all spam, phishing links, Macy's gift cards etc...

Is MySpace is trouble? I've started looking at checking it as more of a chore than before... at it's peak, I could barely go a few hours without logging in to see if I had messages and comments etc...