We have it, and are doing okay with only one banner so far (we seriously need to get busy and add the otehr banners). Some people had to submit and resubmit several times before being accepted. So if you arent in yet, dont give up.
You are talking about a website that contains content FOR Myspace? Not a website or profile IN Myspace.. right? If you're referring to a website with Myspace stuff, then it's fine. although my site is not a 'myspace site', i do have a few pages of Myspace related krap. These pages make 98% of my earnings..
i was making 650 a month off of adsense with my myspace page. but i just sold it. the cpm is CRAP but if you get 300+ clicks a day you can earn more than 20-22 bucks a day like i was doing