There have been many articles about a decline in social networking amongst younger people (although I have seen no stats to back this up).
In a recent article in Forbes one 26 year old talks about how he folded his My Space account in order to re-capture "that special depth that true friendship entails."
This is a pretty idealistic statement and while I enjoy the sentiment, I think it is a problem if you have ever let your use of MySpace supercede actual human contact. It is a tool that should be used to enhance relationships but, I do not think that a relationship could exist solely online.
Anyone who knows me knows I hate the overly commercial nature of My Space as it reminds me of the web circa 2000 so, I am really not too worried about its future!
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