I guess it had to happen sometime as if the children live under the roof of the parents then the parents want to know (it becomes harder and harder to get your own space).
Politicians have kept putting pressure on Myspace and now it looks like they cracked and we now see Spyware for Parents.
MySpace is still in the planning stage of this, but they are pushing ahead with the plan for parents to be able to get software which will look at and monitor certain things thier kids do on the social networking site myspace.
Via | Myspace