The film would have cast John Malkovich as the villain Vulture, and Anne Hathaway as Black Cat or the Vultress based on who you talked to.
Negotiations between the studio and Raimi broke down after they couldn't get a script in time to meet the release schedule. Supposedly Sam "hated" the script and wanted rewrites.
In the storyboards below, by Dave Lowrey, we see Peter Parker (Tobey McGuire) coming home to discover that the building he was renting has been condemned. All kinds of dramatic questions come to mind: Does this mean Peter's homeless? Will he have to move in with his Aunt May or Mary Jane? Seeing Peter on the curb is really moving.
http://davelowery.net/ and http://dlstoryboards.blogspot.com/
Do you think this would have been a good scene? What would Spider-Man do if he was homeless?