Got this from Marvel's weekly email. Sounds like it could be cool but at the same time it's pretty sad because this probably means we won't be getting a Spectacular Spider-man season 3.
http://marvel.com/news/all.12016.ultimate_spider-man_gets_animated~excl~?utm_source=Newsletter&utm_medium=Pulse237&utm_term=Link5&utm_content=UltimateSpideyGetAnimated&utm_campaign=Pulse237Newsletter04132010
http://marvel.com/news/all.12016.ultimate_spider-man_gets_animated~excl~?utm_source=Newsletter&utm_medium=Pulse237&utm_term=Link5&utm_content=UltimateSpideyGetAnimated&utm_campaign=Pulse237Newsletter04132010