A major update to MySpace - code named Project Futura inside the company - will launch on or about October 15th. The new site wll feel more like Facebook with a cleaner interface and more white space, and will focus on an individualized activity stream according to TechCrunch.  Much of the design echoes an earlier Remaking MySpace project that was supposedly dropped when CEO Owen Van Natta left the company earlier this year.

Will It Be Enough To Turn The Tide?

In December 2008, MySpace had 125 million unique visitors delivering 43 billion page views according to ComScore. Today the site has just 95 million unique worldwide monthly visitors and 12 billion page views.

No matter how radical the redesign, could it be enough to turn MySpace around?