Want to see what your kids and friends are up to on MySpace AND check out the latest fashions from renowned and up-and-coming designers? Now you can do both by stopping by MySpace Fashion, its brand new fashion channel that launched yesterday. Here you can watch exclusive videos about what’s in celebrity closets, check out hot shopping picks from InStyle magazine (who they’ve partnered with) and debate the legitimacy of Crocs as a valid cornerstone of any shoe collection (there are already 10 posts!) in their forum area.

Did you know…

According to a BusinessWeek article about the new fashion channel, most MySpace users aren’t fresh-faced youngsters, but are in fact members of the gradually graying ilk– most are 35 and over and bring in an annual income between $40,000 and $59,000!

Look out kids, mom’s on MySpace!