The big news today is the launch of MySpace News, the digg-like news service built off of Newroo, a company Fox acquired in 2006.

MySpace News pulls its information from trusted news sources, via RSS, and then categorizes articles into one of the 25 main categories and 300 sub-categories. Similar to digg, the order of articles is determined by user votes; but, unlike digg, users have a bit more to think about other than “thumbs up” or “thumbs down.” Users will rank articles on a scale of 1-5, with 5 representing “I Love It!”

Bloggers who would like their articles submitted to MySpace News can submit their site here. MySpace says blogs should be topical, that it should publish regularly, that it has a high core audience, and that other news sources link to it.