As we wrote earlier this week, MySpace has teamed up with the Commission on Presidential Debates to live stream the first presidential debate taking place tonight at 9:00 o'clock Eastern Standard time.  Bloggers from around the Net are already weighing in on the debate outcomes. 

C–Span is going to have a Debate Hub filled with online tools including live coverage of the entire debate available to upload as an embeddable video.  An editing feature for the debate video is available as well.  There are also blog and Twitter aggregators compiling the most interesting coverage on the debate. Coming soon will be a time-line allowing viewers to watch the debate by question to question and a word tree, a means of analyzing the language used by the candidates during the debates which also allows you to search the debates word by word.

Another wonderful addition that sprouted up just in time for tonight's debate is Twitter's new election page that helps to filter all election tweets into one place for quick and easy information gathering.

Debate parties are forming in hordes and it is easier than every to find out where an Obama or McCain watch party will be via each candidates’ websites. 

Thinking about hosting a debate watch party for the next debate scheduled, which will be on October 2nd - Vice-Presidential Debate at Washington University (St. Louis, MO)? Checkout the League of Women Voters website.  The LWV has been working hard to prepare voters for the upcoming debates, offering great online resources including a Debate Party Hosting Kit. 

So will future Presidential debates see even more tech influence?  Maybe sooner than you think…This morning, a group of online big dogs petitioned for Obama and McCain to revolutionize the way debate questions are to be chosen, suggesting a ‘Town Hall’ style Internet selection process and also requesting that the remaining debates be open to the public domain.

Just to get you even more excited for the debate tonight...here is a YouTube-style stroll down memory lane - a compilation from the past 50 years of presidential debate moments that helped shape elections and America's future: