The good news is that if you do get past the moderation process it currently only takes 2 votes to get something promoted to the homepage. That’s your cue, SEOs.
So does Myspace have a shot at being the next big social news site? Absolutely. Myspace has the advantage of having a captive audience of millions of users whose attention they could easily divert to the myspace news site. If they simply added news headlines to the top of everyone’s homepage, the sheer volume of people reading myspace news would more than make up for the fact that it’s a mediocre product. Just because it’s utter crap probably won’t make a difference, Myspace itself is a good testament to that. If it does take off, I’m curious to see what getting on the myspace homepage will be like in the next year or two. Getting on the Digg homepage results in some pretty astounding traffic numbers, but imagine if you made the homepage of a social news site that wasn’t just confined to the tech/geek crowd.