The problem is that myspace is so massive.. it's a shame NOT to use it (or try to use it) for promotion, on the flip side though, they are being so overly cautious about certain things that it screws the legit accounts more than the fakes.
I honestly never liked myspace, and only joined begrudgingly because it was something that had to happen for self promotion. As a full time web developer (and even before I got this job) I am very annoyed that it is as popular as it is. The code is horrendous, it's not even remotely close to standard complient, half the "features" rarely work right, etc.
Primarily it's SLOW. And now that they are all about stopping all the spammers, they're defeating the whole purpose of the site -- blocking legitimate promotional material. On the flip side of that one, many people don't even want to see promo stuff now because most of it that gets through is spam. ugh.