The Progress Bar

Jeremiah Owyang is now doing a weekly summary of the social networking space. I can delete about 30 newsfeeds now.

MySpace has soft-launched an instant-messaging client – MySpaceIM. How long until more people use MySpace IM than AOL, two weeks? This is a repeat of how Myspace video quickly overtook YouTube a few weeks ago.
Of course, MySpace IM is Windows only at the moment, supposedly based on MSN Messenger protocol.

Being able to IM your buddies even when you’re not logged into Myspace is huge. The possibilities for spIM (IM Spam) and pedophiles abuse are enormous. As with all things, the good always includes some of the bad.

Full deets here.