Notice that the policy as listed in Bonnie Shaljean's post of 25 Jun 06 is the one modified by them as of 15 Jun 06.
So I think we're looking at the "clarififed" version of the myspace terms. I do recall them being quite a bit more sketchy when I first signed up.
How much do the sentences in parenthesis have weight in an interpretation though?
Also, it still doesn't define what MYSPACE SERVICES actually are... although that's difficult to do without limiting adding new parts to the site such as video uploads, an area for filmmakers, etc.
For a big company, I think this is probably the best they can do. It'd be a good idea to keep a sharp eye on the terms though as they can still change without notice.