MySpace Music is due to launch tonight at 9pm. The Big Four record labels are on board to offer free streaming of the millions of songs on the labels. MySpace is also going to be offering playlist options (a “top 100″ type thing) for all the music offered on MySpace currently by the Big Four, as well as including all the songs for the unknown/unsigned artists that populate MySpace.

Will it be awesome? Will it be a disaster?

Only time will tell.

Read more here.