Oh great. A Wall Street analyst wrote to his clients that MySpace could be worth $15 billion in the next three years, after meeting with suits with its corporate owner, Fox Interactive. Now he's quoted in Reuters and all over the press.

Mr. Expert also said MySpace video ads currently run as high as $35-40 per thousand clicks, which would bring in plenty if the vast majority of MySpace pages viewed had video ads and not that annoying 50-cent CPM "swat the mosquito" banner ad.

Quick, quick, make your own MySpace valuation and justify it in the comments!

MySpace value could hit $15B [Reuters on CNN Money]