MySpace Making a Comeback?

According to the article "MySpace, a Fresh Coat of Paint," it appears that the CIO of New's Corp (the company that owns MySpace) plans to revamp the MySpace website in a last ditch effort to try and save the site.  The article states that MySpace is losing money and users each year and is now worth half of the amount that New's Corp bought the site for.
I never had a MySpace account. I tried it once and couldn't figure out how to use it, so i decided to stick to Facebook.  I started college at the beginning to of the social media explosion, and created a Facebook account (which at the time required you to have a .edu email address).  I liked the exclusivity of Facebook, and was a bit scared to join MySpace which was constantly the topic of media due to the growing number of sex offenders and stalkers it attracted.  However, Facebook jumped on the bandwagon and opened itself up to the general public to increase its user numbers, as a result it is now facing some of the same issues MySpace once faced.
While it may be too late for MySpace to make a comeback, maybe New's Corp should look into creating a website  based on Facebook's earlier concept of being a college student based social media site.  I would definitely prefer to be part of a more exclusive site and would feel safer having personal information on this type of site.   I wish I had the knowledge and skills needed to create a social media site, because I would run with this idea.

Old Tech Never Fades Away It just Dies

The article Old Technology Never Fades Away-It just Dies, discusses how as technology becomes outdated it does not simply fade away but quickly dies as it replaced by new technology.  It makes the point that many CIO's are faced with the decision of whether to invest in new technology.  While many want to make their business processes as efficient as a possible they also fear investing valuable capitol into technology that could be obsolete within a short time.
The article also addresses the rise of multipurpose gadgets like smartphones.  It is suggested that single function gadgets are at risk of dying off.  Smartphones have now done away with the need for people to carry around cameras, iPod's, and GPS's and made have made people reevaluate the things that put in their pockets.  Is it possible we will eventually get to the point where every piece of technology we own must have multiple purposes?