I think what Myspace needs most is a well-defined (and worthwhile) vision that its employees will want to work for, and that will also produce "what people want

I think what Myspace needs most is a well-defined (and worthwhile) vision that its employees will want to work for, and that will also produce "what people want" (i.e. will make users happy). I wouldn't do anything to it until I was sure I had that figured out.