I personally think that all this media attention is going to make MySpace even MORE famous (or at least bring a good amount of traffic to them), I mean people hear about it in the news, they get curious (so might teens) and they might even sign up!
I heard about this.. as much as I despise mySpace; I think that censorship is mostly wrong (there are certain places where it is necessary); and it is not right for somebody to be punished in any way for speaking their mind.