Software developer Jake Marsh has been working hard on an iPhone version of popular social networking website, MySpace.

The application hasn’t launched yet but from the demos he has posted it looks like it scratches a much needed itch for many myspace users. Jake says that when the app is complete it will have more or less the feature list as its big brother.

Currently heavily based off the popular facebook iPhone application, Jake is currently looking for a designer to help tweak the interface. (If you’re an interested designer his email address is posted on his sites about page).

One of the more exciting features of the app is the way it will handle streamed music on “band pages”. Unfortunately due to the current iPhone flash limitations and the way myspace uses flash to stream files, there needed to be some kind of work around. Jake is currently working on a way of pulling the music file location and including the direct link on the profile page. With it being an iPhone users will then be able to download the .mp3 straight to their music player.

According to Jake, after playing around with the myspace API he decided that it “wasn’t so great” so this app runs completely from scraping the content from myspace. Let’s hope myspace doesn’t mind.

Below is a video that shows the application in action.