According to Myspace, there's no way back, Suegorgeous, but it's one of those things - once you know it's quite easy to create and arrange with.
Gutbucketeer: I've the same longer-name problem - I'm no longer "David Franks: Walkabouts Verse" but just plain old ",, Walkabouts." And, as well as the above-mentioned Blog problems, there's still no list of regions (unless you're from the U.S.), so I can't get rid of the "Please select your region" on my profile.
Otherwise, it is lighter and better in other ways - e.g., pics and videos look quite stylish and are easier to get to.