Spiderman 4 - no more?

So, heres some concerning news...
Sam Raimi, director know for his scary movies and, perhaps most notably, Spiderman franchise, has decided to not return for the 4th. He felt that his schedule didnt allow him enough time to grant the creatitivy Spidey deserved. (dont know what his excuse was for the 3rd one...I mean... did he come onto the project the day before shooting?) Anyways, that means that he (and the cast) are out. Done. Bye Toby.

What does this mean for the superhero? A reboot of the franchise of course! Yuck... I mean.. it was not that long ago the first movie came out... we need a reboot already? I can do without personally...