Probably in an effort to help appease angry parents and appear more sensitive to child endangerment issues, MySpace has struck a deal with the National Center for Missing & Exploited Children. In particular, MySpace will begin to issue AMBER alerts, the nation-wide alert system in the U.S. to notify people of missing children:

"We've been working with partners ... and law enforcement to find any possible avenue we can take to protect our nation's children, keeping sex offenders off our site and providing technology that the entire industry can take advantage of," MySpace Chief Security Officer Hemanshu Nigam said in a phone interview.
They're also working with other companies, including one that does background checks, to work on other safety features of MySpace, such as being able to ban registered sex offenders. This won't stop the oncoming lawsuits, but it may help them prevent more from happening.