MySpace traffic from June 2007 to June 2011 (via Quantcast)

Myspace is preeeeeeeeety pumped about its relaunch (under its new parent company Specific Media) later this year. So pumped, in fact, that Al Dejewski, the company's new senior VP-global marketing, has extreme fitness on the brain.

In an interview in AdAge, Mr. Dejewski compared Myspace's eight-year life cycle "to that of a young male adult who found a way to express himself through music but decided to bulk up on things like classified ads and horoscopes along the way," says the paper.

Interesting. Tell us more.

"This young adult male needs to be put on a diet, we need to get it on P90X, clean its system and get back to its foundation. And we've found that foundation is music," Mr. Dejewski told Ad Age. "No other music destination online today can claim the breadth of partnership we have with the four major music labels in addition to the tens of millions of independent artists and the libraries of their songs."

With the new creative director Justin Timberlake and two branding agencies on tap, Mr. Dejewski thinks Myspace's relaunch as a music hub will put the site up against iTunes, Spotify, and Vevo. It's true that what was supposed to be a social network ended up being a way to listen to new bands for free. But we still can't shake the image of a balding guy in a leased Ferrari.

To be clear, the data on Infochimps does not personally identify users. "The data MySpace sells through Infochimps is intended to help someone track certain types of behavior at a bird's eye level, such as how many users are in certain zip codes and how many times a certain word is mentioned on the service. The records in these data sets are completely anonymous," a representative wrote in an email.

But the acquisition today by Specific Media is quite different. They bought the profiles lock, stock and barrel. Now they will use them for their core business, ad targeting. Considering the going prices on Infochimps, Specific just got a great bargin, picking up between 50-65 million user profiles for about fifty cents a pop.

Like Facebook, Myspace holds on to data from inactive acounts. So even users who left long ago may now become an open book for Specific Media's clients. The company recently won a court case brought against them for the use of flash cookies. These are the so called "super cookies" or "Lord Voldermort cookies" that the WSJ is always making a big deal about in their hand wringing What They Know series.

The truth is that this is a completely new situation. Never before has a social network of this size gone on the chopping block. Are personal details about medical history, sexuality and political orientation fair game for Specific to use in as they help clients, which range from hotels to auto dealers. What about that picture Kanye West sent of his dick?

According to it's blog, "The company is an active and longstanding member of the Network Advertising Initiative (NAI), Interactive Advertising Bureau (IAB), and Digital Advertising Alliance (DAA), coalitions committed to building consumer awareness and reinforcing responsible business and data management practices in the industry. Additionally, the company was the first to implement the Advertising Option Icon across its entire network, a proactive step that empowers consumers with a better understanding of and more control over the ads that they see."

Will there be a new icon that let's people know when the pre-roll ad in their video was sent to them based on their old Myspace profile they forget to get rid of? According to TechCrunch Myspace has already laid off 150 of its 400 employees and given another 150 a few weeks notice. It's possible they are simply trimming own to skeleton staff before they try to initiate a turnaround. But its more likely Specific Media bought Myspace for its trove of personal data.

We have reached out to specific and their PR firm for comment and will update with any reply.