MySpace recently launched a new campaign that brings fans closer to their favorite artists. The campaign, dubbed “Fan Video“, inserts you into a scene with one of eight top music artists, including 50 Cent and Alicia Keys.

The campaign actually launched a few weeks ago, but it appears to be an effort led by the MySpace UK office, which explains the minimized publicity here in the US (and the spelling of the word “favourite”). UK-based design blog h-oo-k.me has some screenshots and additional details.

Users login with either MySpace ID or Facebook Connect, and then the technology does the rest. The experience is terrific, and in the example of the 50-cent video, the size of the picture frame even changes based on the shape of your photo (see how our TrendSlate logo rendered in the screenshot below).

You can also set one up for a friend and send it to them, or create one for yourself and share it. The result looks incredibly realistic, although we’ve heard that this version featuring Sean Percival is actually the real thing.