U Can create as many u want.Check out other section where members r just making new accounts and then selling it.
Many people have multiple Myspace accounts for different niches. All you need is a separate email address to sign up for each account Jack
Some people have a normal (personal) account just for people they actually know and then thy might have another account for bands, ho's, business, etc.
I have a personal account with only 12 of my closest friends and another account with about 5k friends. This lets me keep in touch with friends without all of the clutter.
I wish I had done that from the outset but now I have 41,233 "friends" only 7 of which I know personally