MySpace is launching a news aggregator called MySpace News in the second quarter of 2007. It’ll rely on both algorithms and user rating - basically a combination of Google News and Digg.
Myspace is following on the heels of Netscape and others by creating a Digg like site. The site will combine the many features we have come to expect from such sites, including user rating.
The question is: will it be successful? or will the hype prove to raise the expectations too high as was the case with Netscape?