I honestly now believe that it's better off dead. It's clearly not dead right now, and it won't be cancelled any time soon. What it needs "saving" from is the disease it's ridden with (most of you know what I'm talking about, so I won't bother rambling on about it). The only
certain cure for a $hitty life is death.
I don't see Spider-Man as strictly being a period piece-- as in best suited for the 60's and 70's-- but since a few questionable decisions were made (I'm not talking about anything that happened in the last 8 or so years... those aren't "questionable," those are just plain wrong,
period) and the writers and editors of the past era haven't been able to handle it, it's better off dead. As far as I'm concerned, arrogant hacks like JMS and Bendis can never truly take away what has come before. They don't have the skill or drive to make their trashy little retcons make sense and fit with known history, so that's not the problem. Still, it would be better if the stories now immortalized in back issues and trade paperbacks of all kinds were just left alone as great works of fiction in American literary history. Those early stories more than deserve that level of consideration, regardless of narrow-minded views of comics.
The biggest "questionable decision" I'm thinking of is Peter getting married. Spider-Man definitely worked better as a single, not-yet-fully-mature superhero. It's not about keeping him available for countless love interest stories, but about keeping him more flexible and in less of a monotonous routine. Mary Jane truly is a ball and chain, as pretty much any spouse would be. Heroes like Cyclops and Jean Grey already work together and actually lived together from the very beginning of their comic series, so that's not a major change. It's different with Spider-Man.
I got into comics well after Spidey had been married and started his decline, and I was attracted by the dynamic action and the humor. Years later, looking at the early issues, I see there was something truly brilliant there, that I couldn't have appreciated as a child.
Sherlock Holmes fans probably wouldn't appreciate amoral writers and editors screwing with their favorite character with watered-down and trashified "modern" stories. I can't blame the people who decided Spider-Man and the rest of the Marvel universe was going to live on when future writers couldn't handle it, and from a marketing perspective, obviously that was the right choice. Still, from a literary perspective, this dog won't hunt no more and should be taken out behind the barn and put out of its misery.