they shoulda continued with tobey maguire, not a reboot.
they were originally planning to. i remember reading articles about how sam raimi apologized for the third one and was gonna redeem himself with the 4th (he mentioned that the studio took over way too much control in part 3). i believe they got as far as a script and casting ben kingsley to play the vulture. even this far:
but then everything fell through. it dissolved pretty quickly as tobey mcguire was not too into it anymore and kirsten dunst publicly said she wanted out. i dont think anyone fought to keep it alive and once it started sinking, they just let it go. by that time raimi had moved on to directing the WoW movie too.
even if u hate on the original series, i still dont think anyone can top jk simmons as j jonah jameson. that character was played so perfect i wish theyd just bring him back for the reboot.