Just when you thought it was safe to close your account and concentrate on stalking your "friends" via Facebook, MySpace announces it'll be launching a music store later this month.

From NME.com:

As previously reported on NME.COM, MySpace Music users will be able to download and stream millions of songs, including new music and back catalogues, from artists on major labels including Sony BMG, Universal and Warner Music Group.

The store will differ from iTunes and Amazon's MP3 store by allowing users to share music through their MySpace pages, build communal playlists and buy merchandise and gig tickets.