About a month ago, we’ve heard reports that MySpace and Facebook aren’t quite the archenemies they once were. In fact,  MySpace was to reportedly going to implement Facebook Connect which would allow users to log into MySpace with their  Facebook credentials.

MySpace has indeed implemented Facebook Connect on its very own Fan Video service. This is a very important step considering MySpace was once the undisputed king of social networking and this arguably signifies the end of the “MySpace era”.

It has become glaringly obvious to MySpace that Facebook has taken over when it comes to growth and overall number of users. As a result, MySpace has chosen to focus itself on a couple of specific niches -  music, video and entertainment; all areas which Facebook never fully developed. Considering this recent partnership, I expect more implementations of Facebook Connect on MySpace in 2010.

What are your thoughts? Is this a good move by MySpace / Facebook?

Facebook Connect was first announced in May 2008, and currently boasts over 80,000 websites have added the feature with over  60 million Facebook users engaging with Facebook connect on third party websites each month. According to multiple sources, Twitter is now preparing to launch its own set of tools that will let third party websites easily integrate Twitter features  directly into their web sites and services. This is essentially a direct response to the massively popular Facebook Connect feature.

The new Twitter “connect” product will reportedly allow websites to authenticate users, pull data and then publish back to Twitter.  While all of these features currently exist via the Twitter API, the Facebook Connect-like packaging and easy-to-use
widgets don’t exist yet.

We’ll update this development as soon as we have more details but our understanding is that Twitter has been working with  a handful of publishers and will likely make an announcement about the new product shortly.