WHAT!?!?! Spider-Man 4 Dead at Sony; Sam Raimi, Cast Traded for High School Version!

What in the Uncle Ben is going on here!

"....Sony officially announced this afternoon it has spiked Spider-Man 4, canceling its troubled Sam Raimi project in exchange for a reboot that will send Peter Parker all the way back to high school...the rebooted Spider-Man franchise will launch in summer 2012."

Zac Efron as Peter Parker anyone? Don't believe me, look at this:

9 Actors Who Could Replace Tobey Maguire in the Rebooted Spider-Man