In all honesty , writing a Spiderman 4 in the context of NWH, is going to be a challenge regardless .
NWH , while a great ending , feels TO ME, in alot of ways ,like the end to that Peter Parker's story, as opposed to a launching point to new story possibilities.
Given that Sony/ Marvel used several iconic villains ,they're basically off the table for being introduced in part 4, even if they're 616 versions.
And the villains left unused, while popular in fandom, can't carry a Spiderman film, in terms of being lead villains.
There's Venom, but he's problematic at the moment, and it would probably be too soon to introduce a 616 version anyway.
The other villains like Kraven have been tainted by Sony stink, and Black Cat doesn't seem to be an option as a villain, or love interest, since Sony seemingly, wants her all to themselves.
Kingpin is basically the last top teer Spiderman villain untouched by the Sony-verse , and makes the most sense if we're talking big , street level ,opponents.
At the same time, given where the last film ended , and if we are going with Kingpin and Daredevil , going darker seems the most logical step .
To what extent they would go darker remains to be seen , but I don't see this probably older , more seasoned Peter , being as happy go lucky guy he was in the previous films .
And all this is not even taking into account resolving the MJ, Spell, memory stuff ,and that this film is leading into Secret Wars in which Spiderman, takes a big role .
So the film is gonna be challenging from a story standpoint, regardless of what Feige or Sony feel the right direction to go is.
I think both studios are probably struggling with how to move forward with a 4th film .
Now, maybe there differing ideas will force them to compromise, and the story will be better for it .
At this point, I don't know .
But I'm more certain now, that Sony, and probably even Iger , aren't gonna be willing to give Feige and Marvel Studios, the long time they probably were hoping for.
I think this thing , if the current rumors hold true, is coming out fall or Christmas 2025 , as opposed to sometime in 2026.