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It has been confirmed that Spiderman is being rebooted. No one in the public realm knows the name of the reboot as of yet. All we know is that Sony has made an agreement with Marvel to include Spiderman in the Marvel Cinematic Universe. In the process they have scrapped the Amazing Spiderman, and any sequels that were planned (Sinister Six).

I find it quite frustrating actually. I really enjoyed the first Amazing Spiderman, the sequel was not as good (it was still good in my opinion), but it built the foundations for potentially a great sequel. It is a slap to the fans and the actors involved. They should have just agreed to do a Spiderman for the Avengers separate to the Amazing Spiderman films.