the book can be described in the two parts, one half deals with aftermath of death of the spider-man, the other sets up new story's.
Yes Peter Parker died, he was killed of in a fitting manner, sadly what follows is the stereotype comic book funeral where everyone is hyper emotional, blaming random people, blaming themselves, acting out of character, getting overly upset about things they were no involved it. Bendis who writes all of these sections of the book makes out the peter Parker was the centre of universe too everyone in that universe. but if you'd read any books before you'd know that wasn't the case. It was just he was the most popular single character with the audience.
the second half is a lot better, but it's more like teaser trailer, it grabs your interest but there not a full story there.
Overall the book is a bit everywhere, too many writers, too many artists. Give it a miss, unless your a die hard collector.