The wait is over. Now we can see what MySpace has put together. Without a CEO. With major labels given equity. With big ambitions and bigger expectations. So check it out tomorrow and get ready for the barrage of criticism (positive and negative) that will follow. If you don't have an account, or have been a Facebook user for so long that you forgot your login info, you're going to need to have an account to enjoy the site.

The press release went out not long ago. EMI is on board (read the company's press release in the post at Alley Insider) and MySpace Music will launch tomorrow (midnight Eastern/9pm Pacific tonight, according to a few articles). TechCrunch has quite a few high-quality screen shots (scroll down).

Time's Josh Quittner has heard from a source that labels are rushing to get up their content and some artists are not willing to include their albums on the service. Launching a service with an incomplete catalog is the norm these days, and other services have a few holes from artist holdouts. Neither should matter.

Today's press release has a bit more information on a tool called MyMusic, a "personal music management toolset." We knew the rest...playlists, unlimited streaming, the four majors plus The Orchard, download fulfillment by Amazon.com (hopefully with access to Amazon.com's daily MP3 specials), ringtone fulfillment through Jamster.

Here's the press release that announced the service and its four lead-off sponsors.