Facebook or Myspace?

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It seems like everyone is on facebook or myspace these days, even friendster, and now mylot. At the end of highschool, facebook and myspace seriously took away a lot of my study time, and the rest of the time I was out with my friends. I guess am one of the few who can get by without studying too much. I've managed to cut back on both to only checking them once every day or two, but still, am I the only person who thinks that this new crazy fad is absolutly rediculous? I mean, myspace even has an instant messenger now...as if our lives arent taken over by AIM, Yahoo, Gmail messenger, and all...