The kids seem to be more into picture and messaging hangouts, but those things are lost into the ether (you hope anyways). Myspace jumped the shark customization wise, but there was a unique mix of the site helping you to find people and hanging out in real life, not being the actual hangout itself. Meetup was a good idea, but it doesn't seem to drive engagement. I don't know what the answer is, but I'd love to help out on a project that could be fun.
