Ok I have very mixed feelings about all this.
First of all, I don't see why Vulture can't be a great villain in the movie. There will probably be another villain added there as well, like Electro. Just have some imagination, and Vulture can turn out alot better than what people expect. He's a cold-blooded, inventional and smart, evil bastard who is capable of making a very complex and evil scheme for Spidey to have trouble against.
Secondly, I am totally on Raimi's side and the only hope I have left is because of him. Why add Black Cat NOW Sony?? We've already had love-triangles in every damn movie and it's finally time to establish MJ as that great girlfriend from the comics. Not messing everything up AGAIN! I think Sony is stupid, they just want a hottie to sell more money. Instead, they should focus on delivering a great story.
Third, I'm really happy that Raimi "hated" the script with Vulturess and all that ****. It calms me down a bit. But I'm still worried that Sony will get their will and SM4 will be half-assed like SM3.
And, fourth, I'm worried that after all this time, they still can't get a good script. Unfortunately, I feel there's a 50/50 chance that this film will be even worse than Spider-Man 3.