An old thread. Anyways, to be frank Myspace and Facebook are a bit too bloated up with the excessive use of custom themes and Applications. Orkut used to be a bit cleaner, but it too has apps available now and so it is also getting heavier now.
I don't like it at all. And I never liked myspace either, so meh. Myspace is dieing anyway, why would anyone want to copy it? Even facebook has problems. For India, I think a service like Twitter would pretty much rule.