Recently i discussed about some of Orkut's new features that were added in 2006-2007 in my Happy Birthday Orkut Post. But it seems that Orkut is on a competition run with MySpace. This looks so because its not even past 1 month hardly since the start of the new year and Orkut already comes up with a new feature;

Orkut Profile Videos

The feature shall allow users to add uploaded videos from Google Video and YouTube to their Orkut Profiles. The feature seems rich in the sense that Orkut users can gain more social experience now by sharing their daily life videos or videos that interest them.

The new added Orkut Video Page allows users to add videos as well as select Favourite Videos out of them ;). MySpace already had Video sharing feature from a long time.

So its just a matter of time when Orkut and MySpace become real competitors.