Myspace has become little more than a source of social media nostalgia these days, as ex-users reminisce over the fledgling days of online profiles and networking. Yet its owners, which include Justin Timberlake who joint-purchased the company alongside Specific Media Group in 2011, haven’t given up the ghost with site just yet.

In fact, they’re throwing their weight behind a dramatic site overhaul, and users can sign up for an invitation to the forthcoming site right now on new.myspace.com.

“We’re hard at work building the new Myspace, entirely from scratch,” reads a message on the new page. “But we’re staying true to our roots in one important way - empowering people to express themselves however they want. So whether you’re a musician, photographer, filmmaker, designer or just a dedicated fan, we’d love for you to be a part of our brand new community.”

The video above previews the site changes, with the creators favouring an attractive metro design with nods to Pinterest and Facebook in the layout. Unsurprisingly, given the company’s focus on music and entertainment features in recent years having haemorrhaged users, the new site appears to play heavily on the musical side of things with extensive profile pages and song streaming options on display for your favourite artists.

It certainly looks pretty slick, but will current social networkers so deeply embedded in Facebook and Twitter be interested in starting afresh with an old flame?