It was said that Sargent is doing a "production polish" on the original script written by James Vanderbilt as the studio is rapidly getting ready to start shooting later this year, despite the fact that casting hasn't started yet. It was also said that Sargent did uncredited script work on the first Spider-Man along with co-writing Spider-Man 2 and Spider-Man 3.
We'll be sure to keep you posted with any further details on the Untitled Spider-Man Reboot as soon as more information becomes available.
The Amazing Spider-Man was released July 3rd, 2012 and stars Andrew Garfield, Emma Stone, Rhys Ifans, Denis Leary, Martin Sheen, Sally Field, Irrfan Khan, Campbell Scott. The film is directed by Marc Webb.