The most important feature of MySpace's music section is that no-name bands and music acts are featured in the same place as the biggest names in the world. If MySpace can create more awareness for the smaller bands, giving them access to the things they wouldn't be able to otherwise, then this has to be a game-changer. If a small band were able to put their record out on a MySpace label, for example, that would change the industry and would no doubt push record labels past the breaking point. But at this point, it seems to me, record labels are still able to give bands advantages they struggle to get anywhere else (production, distribution, management, etc.). We are witnessing an enormous sea-change in the music industry thanks to the likes of Napster, Radiohead, Pandora, etc., but are record labels really going away in the next few years? I would be surprised...