Ypulse Essentials: 'Today Show' Snubs ALA Winners, 'Glee Project' On Oxygen, Where Will MySpace Musicians Go?

Ed. Note: Ypulse is taking Monday off for the MLK holiday. We’ll return on Tuesday, January 18. Enjoy the long weekend!

Has the term ‘hipster’ lost all meaning? (A mysterious San Francisco startup named after the demo that dare not speak its name generates early buzz by fueling the ongoing debate. As for where teens tread online, the Alloy Digital Network holds on to the top ranking in the latest comScore results) (Portfolio) (TechCrunch)

- ABC and Drew Barrymore want to reboot ‘Charlie’s Angels’ for TV (with the creators of” Smallville.” And while the small screen future of fellow 70s icon “Wonder Woman” remains unclear, MAC Cosmetics will debut a new line inspired by her patriotic palette) (New York Magazine) (Digital Spy) (WWD, reg. required)

- ‘The Today Show’ snubs ALA Award winners for Snooki (For the first time in 11 years, the “Today Show” did not interview the Newbery and Caldecott winners and the book community is understandably less than happy about it. In more harmonious kid lit news, The Amanda Project teams up with Wattpad introducing the teen-dominated ebook community to the interactive YA mystery series online and via mobile) (SLJ) (Fuse # 8)

- Gen Y makes financial resolutions (Products of coming of age in a shaky economy, young adults are more likely than older generations to plan to save more, spend less, develop a budget, and pay down debts in 2011. Future drinking habits of the demo, meanwhile, will be harder to predict according to a new Nielsen study. And Ypulse President Dan Coates shares insights on Gen Y’s mobile path from the Higher Ed Tech Summit at this year’s Consumer Electronics Show) (MediaPost, reg. required)

- Wal-mart launches tween beauty line (replacing the Olsen- branded collection with the environmentally themed Geo-Girl. Plus, the Golden Globes makes a play for the demo announcing Zac Efron and Justin Bieber as presenters) (WWD, reg. required) (New York Magazine)

- ‘The Glee Project’ on Oxygen (pits Gleek against Gleek in a competition to land a recurring guest role on the FOX phenomenon. As of now, more than 40,000 fans from around the world have auditioned. There is also apparently a “Pac Man” reality show in the works where the arcade game will brought to life) (Deadline)

- What happens to musicians on MySpace (if the site shutters in June? Interesting questions raised by the prospect of a suddenly fragmented online music space. And Bebo, the struggling social network sold by AOL last summer, hopes to win back users by focusing on mobile, gaming and video) (New Media Age)