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Facebook or MySpace?
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I prefer this new site that has just been created; FRIENDSPACES.NET. Thay are new and not spoiled by corperate hunchos. Check it out
I agree that MySpace is a lot uglier, but I also find it much more practical. With Facebook I always end up wasting time playing pointless games, and doing stupid quizzes... But that's just me. 
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If you are looking to promote, definitely use both sites and other social networking ones. Aggressive marketing is the key.
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In April 2008, MySpace received 95 percent of its visits from returning visitors. Among the top five social networking websites by market share, Facebook and MyYearbook.com followed with 93 and 90 percent, respectively, of traffic returning from within the previous 30 days.
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If you are serious with doing social networking sites, you can use both of them since both sites a good. It is also a good medium to promote your site.
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