MySpace, the News Corp. owned social network is undergoing a huge redesign of the site. A preview of the social network was release on Monday, according to ChannelWeb. In a briefing for media and analysts in Beverly Hills Monday, the social networking company, outlined a plan that its new co-president says requires "believers" to come to fruition.

USAToday reports that MySpace is moving back to its original DNA: appealing to self-expressive, creative under-35-year-olds who are into games, music and movies. More than half of MySpace's estimated 100 million users are 25 and younger, according to market researcher ComScore. The 13-to-34-year-old demographic spends 84% of all user time on the service.

So we're seeing MySpace go back to their roots - do you think that we'll see a spike in membership?

We'd love to hear your thoughts.