It is a little more basic. But both have good/bad.
- profile designs. You can make it more about yourself and who you are (music, layout etc.)
- It is cleaner, the set-up is more organized that Facebook.
- The profile pages look much nicer and cleaner.
- Privacy is good, you block someone they are blocked for good (facebook allows/allowed someone you've blocked to still see you in third party applications).
- it's basic (my mom isn't good with Facbeook etc. but she picked it up fast).
- You chose what is limited when it comes to viewing by people a little eaiser and it is more specific.
- Better group setups. Myspace's group's are good at all.
Both are very much the same, Facebook borrowed a lot from Myspace and Myspace updated things that resemble Facebook's set-up. Profiles are better on Myspace (I like the designs and music).
Both also have the same method of finding people, through a sidebar of common/suggested friends, email search etc. You can also join groups in both and also your school's/work places.
And to comment on someone else's post. Facebook also has top friends, it's an application but it does exsist. You can turn off top-friends on Myspace and it will not appear on your profile page to people.