While the new Facebook development platform was only announced last week, there was already a publicly available developer’s solution for months. The most recent step by Facebook was a logical extension of their existing offerings. While many weren’t expecting it to happen as quickly as it did, MySpace should have seen it coming, especially since it is their job to be monitoring the competition.

Will MySpace offer a competing service? My guess is yes, but the true question is whether or not it will be in time to outpace Facebook’s head start. Facebook is hoping to reach 50 million users by the year. While less than MySpace’s user base, it is fairly significant since the majority of users already visit the site on a daily basis. Conversely, MySpace is infamous for the massive number of false or spam accounts being generated by visitors. It will be interesting to see how this plays out.