In a move that shocked mostly everyone, Sony finally decided that their issues with Spider-Man 4 were not going to be solved in a way that made all parties happy, and, as such, they've decided to scrap the entire thing and reboot the franchise in 2012 with a new director and a new cast.
Speaking via a press release, Spider-Man, Spider-Man 2 and Spider-Man 3 director Sam Raimi said, "Working on the 'Spider-Man' movies was the experience of a lifetime for me. While we were looking forward to doing a fourth one together, the studio and Marvel have a unique opportunity to take the franchise in a new direction, and I know they will do a terrific job."