Myspace ain't that bad, you just have to look out for yourself. Only chat with people with whom you know; no strangers.
You have the option of setting your profile to private (where only your friends and you can view your profile). Also, anyone who puts that they're age 15 or under is automatically set to private, plus for anyone to add them, that person must either know there last name or their email address. It's not a foolproof plan, but it does help.
Don't ever give your home address out to anyone, your SS number, or even your last name, and other personal information, and you'll be fine.
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