Make your own MySpace, instant and for free
I’ve mentioned previously about the free DIY social network builder websites, like Momo, Ning, eTribes, Vox - see here - but its worth another mention because I figure its not yet common knowledge that these tools are out there.
Ning, for example, lets you build a fantastic social network, complete with all the ‘core’ features you’d expect, for free. For example mywiitv, and classroom 2.0.
Social networking is definitely becoming a commodity, and on one hand you may see that as an outflowing of value, and on the other hand a mass opportunity. There are lots of great fast-followers that twist the original ideas to create something new or with niche appeal.
JUST ADDED (13:45 UDT): Also KickApps