Here's what was sent to superherohype by "Wolf"...
"was over at the weekly comic book show Frank & Son over in Industry, CA, and while I was walking around with my uncle we suddenly ran into Michael Papajohn. I wouldn't have noticed him except for the pictures he had all over his signing desk. He's a real funny guy - trying to sell us autographs and telling us about how the Lakers beat him out of the main table. Anyways, I asked him about Spider Man 4 because of the rumor I read that he was going to be in it. He said "I can't talk about it, but who says I died in the first one?" My uncle asked him again and he quipped "if I tell you I'll have to shoot you." Jokingly, of course. That's all I got."
So it wont be flashbacks, dreams or time travel! The pesky car jacker isn't dead after all. So will he return as himself in a sub plot to try to get revenge on Spidey? Or will he be..altered! My guess is they are going to make this guy Rhino.