Well, it’s not the RSS killer app I was hoping for, but more more a Digg clone, according to Journalism.co.uk:

“MySpace News apes Google News by using a search algorithm to automatically aggregate stories from sources around the world, placing them in a plethora of niche categories and 25 overarching topics.

“Like social news bookmarking websites Digg and MySpace [sic], the news service allows users to vote stories up and down the news agenda. But unlike the one-million strong technology-focused site Digg, MySpace’s debutante does not yet enable users to add their own stories to the system – a feature that was expected, according to previous early reports.”

This lack of control could be the death of MySpace News. Sounds like they’re relying heavily on the fact they have such a massive user base, but that user base can easily go elsewhere for news…