This would make a great spider-man (obviously the original backstory would need touching up) but it would be better than the 'Superior Spider-Man' series Marvel is releasing right now. Peter Parker has been, and always should be Spider-man, not Otto Octavious.
Spider bite is a nice touch. So is the idea of it actually being SOME armor instead of just cloth and luck. Maybe an author should consider tranquilizer darts, also....since the tranquilizer would be like venom, and some spiders actually throw spikes at their prey.
Love the spider-bite idea...the only problem I seem to have with this design is the fact that this armor could only be design by a dude like Stark or Wayne. I think Peter would never have the sufficient capital required to built such a suit... Great idea overall though, love the symbol!
Yeah I realized as I was drawing it that he would need more than a freelance photo income to build this. However, I think Peter has enough connections and know-how to get this done. Thanks for the comment.