I would agree that Facebook is better due to all the features it has... but it's worth while to keep in mind that the culture on facebook is different... blatant and continuous self promotion is not as welcome on facebook as it is on myspace. you gotta be smart about how you use facebook for promotional purposes.

I have a facebook profile for one of my businesses, and it's a good way to follow up with customers and keep in touch with them on a personal level... my method of using facebook for promotion is a more subtle, personal approach.

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facebook! i really love it and for the features and for the options it provides. lots of stuff added recently and easy to find friends and communicate. i.e. it brings lots of traffic and i really enjoy it.

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I have to say facebook too, not that I use it much but for increasing blog traffic it works quite well

Slightly off topic but in general I have never liked my space also as I run a site about childrens parties etc I was highly put off when I read recently that there are over 26,000 registered sex offenders with myspace profiles, now I know it's the Internet and it's probably to be expected and found everywhere but it's really not somewhere I want to promote a site related to kids!
Not only that the layout is messy, the apps are really annoying and the custom profiles make everything so slow

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Hello, i like Facebook better, but i use Myspace too, and some other more.

The more places you are in, the better...

Well if your going to go that route I would say both. However, if your looking or thinking of a PPC then that will really rely more on your age demographic. Most people on myspace are younger. Teens - mid twenties. While face book seems to focus more on the older crowds.

USE BOTH!