I'm playing around with Wallop, which works like a Flash-based MySpace. It's mildly amusing and is certainly more attractive visually than the typical MySpace page. Two big advantages over MySpace, if both features bear out in the long run: unlimited storage for photos and music (how is that possible?) and no advertising. The revenue model is based on people creating Flash "mods" that they can sell to each other with Wallop getting a percentage of the transaction. Techcrunch discussed the site at further length a few days ago.

I can invite a few people, so if you want in, put a valid email address into the contact form. First come, first serve.