As of Amazing Spider-Man #604-let me just analyze the status quo assuming you don’t read the current Spider-Man comics:
Peter Parker works for Frontline- Ben Urich’s small-time honest newspaper.
J. Jonah Jameson is the mayor of New York, and sends goon squads after Spider-Man.
J. Jonah Jameson’s long-lost father J. Jonah Jameson, Sr. has married Aunt May, with Peter’s blessing. JJJ, Sr. is a great guy.
Norman Osborn (Green Goblin I) is pretty much in charge of things in America due to his “patriotic” role in Secret Invasion and leads a fake Avengers team.
Harry Osborn was revealed to have been revived due to his Goblin serum years ago, and Norman hid him in Europe.
Peter is rooming with a dominant latina chick, and is forced to date her after The Chameleon had sex with her while he was impersonating Peter.
The New Avengers, Fantastic Four, and Mary Jane know Spider-Man’s secret identity.
Peter uses a digital camera now and his co-workers upload articles via their Blackberries.
After reading over 600 issues, what are my general thoughts about Amazing Spider-Man? Well, Spidey is Marvel’s flagship character and although editors like to screw with him, Spidey is one the best comic book characters of all time. ASM had its peaks and valleys. Things started to get bad when Peter Parker’s parents came back from the dead but were revealed to be robots. This happened in 1992 (ASM #365)- the 30th anniversary issue.
With any ongoing serial adventure, you’re going to get bad issues, crummy storylines, and bad editorial decisions, but you’re also going to see memorable story-arc, major events, and excellent issues. One frustrating thing with Amazing Spider-Man is that new editors and writers try to undo the directions of previous administrations- kinda like the U.S. Presidency.
So although things nose-dived for ASM in 1992, there were still great issues and a great run by JMS and JRJR.