(UPDATED) Specific Media bought MySpace from News Corp. two years ago for $35 million, a fraction of the $580 million it sold for in 2005. Since then, they've been promising a major makeover that wil continue the site's focus on music and entertainment. Today's video - debuted on the site without any announcement from the company - shows a music and entertainment focused social hub linked Facebook and Twitter.
Apparently artists will have control over their pages, as they did in the original MySpace, with several slides in the video showing artist and fan page analytics and direct messaging to "Top Fans".
It's easy to dismiss MySpace as a has-been, but the slick design shows real promise. If you believe that MySpace might be resurrected from the near dead, you can sign up for an invite here.
Watch the video and tell us what you think of the new MySpace.