According to The Telegraph, Myspace recently announced that they will be including Facebook Connect as part of their redesign efforts. This means that Facebook users will now be able to log into their Myspace accounts using their Facebook I.D. and password. It’s a truce in the metaphorical war between the two social networking giants, with Myspace finally conceding to Facebook. Is it too late for Myspace? Will Facebook Connect save them from becoming obsolete? Stay tuned!