At my college, every activity is programmed through facebook.
Instead of getting daily emails about campus news, you check facebook.
Yea....ummm....I have both, and facebook pwns imo.
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FaceBook obviously doesn't want to become the next MySpace, you know, covered with bugs and errors.
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Yeah...as far as functionality goes....Facebook is 10000000 times better. MySpace is so buggy and slow, but it has more people. If I need to contact someone at my college, I use Facebook. If it's for people I knew in high school who are still there, then it's MySpace.