Looks wonderful so far!!  I'm dying of anticipation over here.  I can't wait until its open to the public..

Thank you

It features full module support. You will be able to add/remove any number of little boxes from your profiles(things like video, track listings, polls, quizzes, etc).

There is also a Group structure, where you can create/join groups of similar interest, like a clan group, or just a band

I keep repeating this. I've already said it Oh well

I never did understand why you named me margaret

Looks good. it's layout looks pretty similar to bebo, but looks good.
btw, the pm under your name is nice and friendly

Probably the name of a girl he wants. This way, when he does the deed with you, he can say "margaret", and you won't get jealous

I don't think I know a single person with that name

And yeh, it does look similar to bebo at the moment - mainly because I'm using their layout for the profiles, instead of the rather messy myspace layout.

I will do my best to make it as different as possible, but there are only so many ways you can change something without making it work less effectively