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I've found this to be false by typing in "star wars costumes" and coming up with random profiles with the word star wars in them only once or twice.
I'm not finding any common traits of these top ranked results either. For the top ranked results for the keyword phrase they have a various number of friends from 1-10,0000 they logged in last from yesterday to two years ago, they have blogs they update regularily or they don't... etc.
So we understand Google's algorithum to some extent but not My Space?