No, it was completely pointless. See also The Amazing Spider-Man.
Should have just given us a new ship and crew instead of setting the franchise back 40+ years and making it a cosy nostalgia cash-in akin to The A-Team.
To each his own. After Raimi's third Spider-Man, I was hoping they'd reboot it.
And this was an excellent, well-paced story that preserved the classic timeline while creating an alternate one. The music was great, the action was good, and they nailed the essences of the original characters, while still making them feel new. This was NOTHING like The A-Team.