I've oft wondered why MySpace doesn't attempt to become the standard for bands- so much so that they don't need standalone websites for their group. If they could offer all of the functionality and backend that bands set up on their actual websites they may be able to parlay their last stronghold into something with great value that also hasn't been done to great extent elsewhere.

Drop the social network- focus on the millions of myspace bands.

(Also, Snowgoons on HN? My worlds just collided...)