Are they worthless..... or are they golden? Yes, it turns into a msplink, however your link comes from a PR5 dofollow myspace page... is that bad? TALK
myspace is a nofollow site - forget about it. BUt - a link is a link - in other words, it doesn't hurt any.
You get visitors from the link & it is not a bad link but you also do not get any share from the PR 5 value as it is a indirect link
you can use facebook for gaining massive traffic for your site too! maybe, you can`t get the backlink from it.. but you can get amount of traffic from it
Yes its nofollow but a well crafted page can bring in 1000's of hits a month - one guy i know does myspace templates and it accounts for 90% of his traffic.
My Space could be good considering your demographic. If you want to generate interest/traffic in the teen and twenty something crowd then My Space might be kinda good for ya.
they are not nofollow, they are redirected which is worse than nofollow. so from seo point of view, myspace links dont benefit in any way. however, if you can get any traffic from it, go for it