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MySpace might not be cool anymore, but the site’s upcoming redesign — as shown in a new video — looks absolutely stunning.

Specific Media bought MySpace from News Corp. in July 2010 for $35 million, a fraction of the $580 million it sold for in 2005. But the site is still kicking, and it has been working hard to reinvent itself and integrate with Facebook and Twitter. It also has Justin Timberlake helping out, trying to bring some sexy back to the site.

If you’d like to sign up for the new MySpace, you can do so here.

Check out the video above for more and let us know in the comments what you think of the new design.

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