I just noticed this, new links in Myspace profiles are being converted to www.msplinks.com/uniquecode. This change will effectively negate all search link value for links in the profiles and comments.
Obviously there is still potential for good traffic from regular Myspace traffic.
I really liked setting up Corporate Myspace accounts... Time to move on.
This must be a huge red flag for the adoption rate of link building through Web 2.0 sites. If Myspace sticks with this new plan for links, it is likely that other popular sites will follow (Friendster, Facebook, Linkedin, etc).