It seems that MySpace wants to enter the MP3 player business.

Yes that same social bookmarking giant. Could this be the iPod killer in the making?

We all know MySpace is the #1 site and platform for bands to share their songs and get noticed.

Now MySpace co-founder and Chief Executive, Chris DeWolfe says “If anything, we’ll be accretive to iPod sales as people use MySpace Music to download more music and videos for their iPods. Unless we develop a device.”

Of course nothing is confirmed as of yet, but if MySpace does sway to making MP3 player, it has such a brand that’s associated with music and songs, that it will not have any problems reaching the market; even if its saturated.