MySpace has has reached an agreement with the attorneys general of 49 states -- Texas sat out -- to protect children from sexual predators on the site.

The attorneys general are all congratulating themselves, as is MySpace -- and there's a lot of commentary out there. To me, this all seems like much ado about nothing.

The measures -- details here -- won't do anything to stop child predators on MySpace. But, on the other hand, there isn't really any problem with child predators -- just a tiny handful of highly publicized stories -- on MySpace. It's just security theater against a movie-plot threat. But we humans have a well-established cognitive bias that overestimates threats against our children, so it all makes sense.