Jeff Clavier reported today that MySpace surpassed Yahoo in terms of traffic according to Hitwise. This makes MySpace the number one Internet site. According to Jeff:

• MySpace generated 4.45% of all U.S. internet visits
• Top twenty search terms used were related to MySpace

News Corp paid $580MM for the web property last year, in a deal increasingly looking like a bargain. Only time will tell, but this sort of growth is amazing.

Alex did a great job of talking about PodServe and all the Big in Japan apps today at the Under the Radar event held at the Microsoft HQ in Silicon Valley. We got some kind words from Mssrs. Arrington & Clavier and had lots of good conversations with companies interested in hearing more after the presentation.

The best feedback so far is that PodServe was a ‘Best in Show’ winner after all the audience votes were tallied tonight. Not only did we ‘win’ the love of the crowd at our panel on podcasting, but PodServe was one of the top vote getters among all the apps demo’d today. Said one respondent: “I’d buy that.” Now that’s what we like to hear. Thanks, Debbie Landa and all IBD Network team for inviting us out to present. We also did an interview with Irina Slutsky, which I’ll link to once posted.

Rock on, Big in Japan team.