I think this is the best episode so far, but that isn't saying a lot. "Iron Spider" almost approaches my definition of "decent".
Pros:
-I thought the alternate universes bit with Spider-Ham and the Superhero Squad was funny.
-Iron Fist. There really isn't much to him as of yet (or to any of the characters, really), but I like his "fortune cookie" quotes-especially in this episode.
-I like that Drake Bell stutters a bit when he's Peter Parker. Josh Keaton does that a lot when voicing Peter. Drake Bell has a LOT to improve upon, but I do like that there's a difference between Peter and Spidey.
Cons:
-I'm really tired of the video game stuff, like the "Fight!", the bits showing how many points each character gets in battle, and so on. It's gotten old very quickly.
-As someone said above, the inconsistencies in Spider-Man's character. He's dumb about the iron suit, he's smart about the iron suit, then he's dumb about it again. He's responsible when it comes to keeping civilians safe, then he's reckless about it. I'm not exactly sure what he is, other than a screw up.
-Episode 5, and still only one Spider-Man villain? Yeah, that's been said enough times, I think.
My other criticisms are about the show as a whole, but I can't say anything that hasn't been said already. I'm still hoping this show improves as its run continues.