Mashable dug down deep and analyzed the new MySpace TV in direct comparison with YouTube. Result? MySpace copies a bunch of stuff. 12 things to be exact.

I suppose imitation is the biggest form of flattery, but when billions of dollars are at stake? I’m not sure that thought still applies, does it?

As we played around with the newly launched MySpaceTV, we realized that many of the features and interface elements are clones of those on YouTube, with no attempt to hide the fact. We’ve gone easy on MySpace and highlighted only 12 of the most obvious elements: there are many more.

But as we said before, however, we think copying YouTube may be the right strategy: MySpace doesn’t need to innovate, but simply get a fraction of its 170 million+ “users” to spend some time on the video site.