Minnesota native Adam Young is now a chart-topper! His one man band Owl City hit No. 1 on the Billboard Hot 100 this week with “Fireflies.” Watch it right now.

Young’s story is the kind of phenomenon that gives you faith in what remains of the music business: He literally started out recording songs in his parents’ basement, posted the tracks on MySpace, and now Ocean Eyes is in the Top 10 and we’ve all been entranced by the “Fireflies,” even though it totally rips off the sound of Ben Gibbard/Jimmy Tamborello/Jenny Lewis side project The Postal Service. Then again, only elderly folks like myself are likely to be concerned by such matters, much in the same way that Death Cab for Cutie is now “that Twilight song band.”

Can you put your finger on the delights of this song, Mixers? Do you recommend the rest of the album? And why do you think this track has led fans to purchase all of Ocean Eyes when so many other hot singles never lead to more than ringtone infamy — and so many other “discovered on MySpace” bands turn out to suck? Discuss… and don’t forget to follow us on Twitter: @EWMusicMix.

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