MySpace or Yours? New Logo Draws a Blank

It's a good time to be a logo. Or is it? After clothing retailer The Gap unveiled their "new look," came the news Friday that Beverly Hills-based social networking site MySpace has a new logo, too.
The result, as unveiled at the Warm Gun Design conference in San Francisco, replaces the all-lowercase "myspace" next to three cylindrical body-like shapes with the word "my" in black Helvetica followed by...a space. The "space" is symbolized with a black line.
TechCrunch has some info to fill in the gap:
MySpace VP of User Experience Mike Macadaan explains the philosophy behind it, “MySpace is a platform for people to be whatever they want, so we’ve decided to give them the space to do it.” Apparently the blank space to the left will be filled with user generated artwork when users hover over it on the redesigned site
Ready to fill in the blank? Our first thoughts: "MyGoodness, who still uses MySpace?"