Enjoyed this. Make of it what you will.
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That reboot route would seem to upset even a large part of those fans that weren't sold entirely on the Raimi films. While personally I think this series has left out many of the more interesting elements of Spidey's silver age, such as Gwen's death which has given the entire genre a different direction, I still think it did remarkably well under the circumstances dictated by modern cinema. Letting this tale down now for a cheap high school drama version just doesn't show much dedication to the character and in my opinion also underestimates the target audience. You can get those kiddies to watch a film even if it doesn't revolve around characters their own age.
And let's be frank here, whoever thought up this awful step backwards also doesn't seem to grasp what Peter Parker is in his high school days: a nerd, wonk, dweep, geek, so on. It's not like Peter is playing in the same league as tv's Clark Kent. The cheerleaders don't exactly swoon in his presence and neither do his coeds file up to date him, at least not in the source material. So whoever thinks of a large screen version of 'Smallville' with Spiderman instead of the young Superman may be in for a surprise. To me a large part of Spidey's attraction stems from him not being the typical winner. How (if at all) this should find it's way into the next film, remains to be seen. My impression at least certainly wasn't that Maguire's age or appearence would have made a reboot necessary.