I cannot say I wholeheartedly agree with Greg here. Limiting the exaggerations is one thing, but I think they're depowering him too much.
The early days don't mean much. Batman in his early days carried a gun, should we still depict him that way? For more than thirty years now, Spidey has been much stronger than any normal human being. That's who the character has always been, after a short initial "forming" period. It's who the people know and love that should be depicted, not what came out with the first try.
Initially Magneto acted much like the cartoon Venomfan posted. But he's evolved and we've grown since then. Magneto shouldn't be acting that way today. Likewise, Spider-man shouldn't have to struggle to bend a monoplane's flaps.
Regarding the Spider-sense, that was way overused in the early days, why not keep that too?
All I'm saying is, they should be trying to keep Spidey the way he's been known all those years, not finding the lowest common denominator, so that Ox can give him trouble. Besides, if Ox is giving him trouble, how is he going to fight Venom? And what if we have guest appearances down the line (not that I'd like that)? Will they all be depowered, or will Spidey be just puny Parker amongst them?