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This from deadline.com:
"There's also much unconfirmed speculation that this new franchise will be in 3D. And the fans also recall that, in 1991, James Cameron wrote a treatment for Spider-Man and now they're wondering if he might helm the reboot. (Sony ended up acquiring his treatment in a legal settlement.)"
If James Cameron gets this opportunity he will turn it into box office gold. The billion dollar mark would just be a stepping stone, the real numbers this movie would take in would be ridiculous.
Could it happen? Yes, it's really not that far out of the realm of reality. Sony already owns the rights to James Cameron's script and could hit the ground running with that script(actually, scrap that last line. The script mentioned was really not that good, if James gets this opportunity then he should definitely not use his last script.
But imagine this: State of the art special effects!
New and improved Green Goblin! Not a Green Mighty Morphin Power Ranger!
A new MJ!
And a Spider-Man that's a smart a##!!!
If this franchise gets rebooted then I say correct what was wrong in the last franchise and improve it. If not just make Spider-Man 4 and who cares.)
Should it happen? James Cameron has gone on record saying the only super hero he would be interested in dealing with is Spider-Man. Yes I think it should happen. With Avatar hitting home runs all over the world why not bring Spider-Man into that type of global arena, it's already there but this would give the franchise a certain boost. James is established, he is not some "to do" director trying to get his feet wet. Give James Cameron a crack at the franchise if he wants it.
also
That's not the end of the story! I found the following over at thehollywoodinsider.com:
"Michael Bay has also previously expressed interest in taking over the Spider-Man franchise and Seabiscuit director Gary Ross worked on one of the drafts of Spider-Man 4 and is said to be a huge fan of the comic book series."
KEEP MICHAEL +****+# BAY AWAY FROM MARVEL MOVIES!!!!!!!!!!
imho, i say give it to Jon Favreu... dude is an amazing director and he does his homework on the project... he makes sure to keep the integrity of the comicbut still make a great movie... watch when Iron Man 2 comes out, it will be the top 2 comic book movies of all time.