I'm still struggling to accept the recycling of the Spider-Man franchise, with a trio of films featuring Toby Maguire as arachnid-endowed superhero Peter Parker followed by a new cycle starring Andrew Garfield; so much money, telling the same story over and again, while a budget that's probably the equivalent of one day of Spider-Man special effects creates something as fresh and exciting as Locke.

And the misgivings are not merely philosophical. Though there is some credit to Marc Webb's new film, it still misfires for long periods, both in terms of the storytelling and the action. It's less "amazing" and more so-so.

It starts well, with a flashback to the fate of Peter's parents (played by Campbell Scott and Embeth Davidtz). The opening sequence is exciting, and very sad, and signals the chief quality of the film as a whole, which is its emotional content.

In the story proper, this is manifested in Peter's off-on romance with Gwen Stacy (Emma Stone), a much friskier, funnier affair than that between Maguire and Kirsten Dunst. The old-fashioned, romantic quality to their sparring is largely due to Stone's portrayal of Gwen as a strong-willed gal keen - when the opportunity arises - to be a protagonist in Peter's adventures.

The villains are far less satisfactory. Yet again they are involved with the multinational Oscorps, which any government with an iota of sense would have closed down long ago. Chief among them is ­Electro (Jamie Foxx), a geeky nobody with bad hair who falls into a vat of eels and emerges with the national grid at his fingertips.

The film suffers from too many characters and storylines, all vying for attention. And though Garfield is amusing, the film has some misjudged comic moments - the appearance of a lipstick-­wearing mad scientist being its nadir. "Spidey" flying through the air is exhilarating, but the action sequences are instantly forgettable.