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From what little I understand of the Marvel money machine, this is just another of their temporary stand-ins that appear after they temporarily kill popular characters, and Peter Parker will be revived at the optimum marketing point.
If you're going to use stumbleupon to come up with news stories you should at least put the duediligence addon next to it on your search bar.
Ironically, unlike the "main" marvel universe, ultimate-marvel characters tend to stay dead.
Ultimate Wolverine, Wasp, Hank Pym, Angel, Dazzler, Nightcrawler, Black Widow, Dr, Octopus, & Daredevil- all still dead.
The only guy who couldn't die was Norman Osbotn, it took him like 3 tries but he finally bit it killing Peter Parker.
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"The Rich are there to take all of the money & pay none of the taxes, the middle class is there to do all the work and pay all the taxes, and the poor are there to scare the crap out of the middle class." -George Carlin