In a word... Yes. In two words.. HELL YES!
Is it different from TDK which basically took it from Spider-Man? Yes in some ways. In some ways the two stories will have basic parts that seem the same.
1) It's Spider-Man's brith right
2) It establishes the Goblin's Legacy
3) Norman Osborn knew Gwen, and knows who Spider-Man is
4) Norman is basically a father figure to Peter, as Harry is like a brother to Peter
5) It takes the story full circle. Peter did not use his powers (responsibly) and his Uncle Ben paid the price. Now, Peter, despite ALL his powers, still cannot save the one he loves. It reenforces, that the ones he Loves will always pay the price. In this case, the ultimate price.
Add to that the Capt Stacy Death Arc.. where Gwen dies thinking Spider-Man caused the death of her father... wow. I could also see quite a few variations thay could take from the comic verse (while still staying true to the overalll storyline) that would/could be very powerful, and add to the overall story.
For example.. GG taunting Gwen before he throws her to her death (if that is how they choose to do it) that Spider-Man, the person she thinks killed her father.. is indeed.... "Peter"
That, could be EXTREMELY intense (I would use the word "gritty" but why set off the dogs again
) and could be VERY moviing.
And besides, they could/should not do this storyline in one movie. They should do it in 3 movies (into the reboot). They have to establish Gwen first to make this meaningful, as well as introduce the Goblin/Osborn. We're talking at best, approx 8 years from now.