I think the Ultimate Spidey is one of the best reincarnations. My favorite part is how much more drama he has in his life because he's in High School rather than college. He doesn't have as much free time so he has a harder time 'saving the world'. Also, the bad guys seem to be a little deeper, and some of their origins seem a little more realistic.
I hope one day I can settle into a really kick ass rut in which I can repeat the same thing over and over and over and not realize that everybody has heard it before. How great would it be to have the memory of a goldfish? Every three seconds you forget what you just said. You could say the same thing over and over and over again and it would sound amzing and brilliant to yourself, regardless of how sick everyone else is of hearing it.