The new album is available in its entirety on the social networking site to listen to but not to buy, a week ahead of it's official release on October 6, when it will be available to purchase in stores and also through Myspace's new music portal Myspace Music.
New singles from the album, including 'The Turning' and 'Bag It Up', have garnered over 60,000 plays on the Myspace site since the free preview was announced yesterday.
Earlier this month, the band also released three CD singles from the new album in issues of NME magazine.
Oasis has recently been vocal about other bands releasing their music for free, especially the landmark "honesty box" system used with Radiohead's latest 'In Rainbows'.
Noel Gallagher told The Times: "I didn't spend a year in the most expensive studio in England, with the most expensive producer in America and the most expensive graphic designer in London, to then give it away. F*** that."
Oasis was acknowledged for their digital presence at the BT Digital Music Awards last night, winning an award for best music blog, a fan site created by fan Louise Davies.