The extended cut of this movie (available on Blu Ray) is 10 minutes longer and (in my opinion) is even better. Some scenes really flow more naturally and it's a hoot to see Jameson try on the Spidey costume. Most people admit that this sequel surpassed the first movie in quality. In the comics Peter Parker's life (with his constant guilt and self-doubt) could get tiresome, but this movie molded it into a romantic story with wonderful pay-offs. The comics also had action and this movie is as close to classic Spider-man comics as will ever be put on film. Doctor Octopus climbs buildings as well as Spider-man, making the fight scenes look like dangerous struggles that range all over buildings and elevated trains in impressive ways.
When all is said and done this is a comic book movie with more heart than most. The love story shines and Peter not only becomes a better Spider-man by the time the credits roll, he finally allows someone special into his life, making his life as a superhero less of a burden.
As more and more comic book films get made these films will probably be picked apart, but there wouldn't be an Avengers or a Dark Knight if it weren't for the first two Spider-man films. Certainly Spider-man's movie career is not over yet but for the time being this sequel stands as his best moment in movies.9/10