This looked ugly to me from the beginning. It's the tone of the trailer I hate. Sure, the VFX look terrible, but those could be early, unfinished shots and I don't pay much attention to effects in the end anyway, if the story's good. I was on the too many villains bandwagon for a bit, but I guess Bob's right, they could pull it off if they did it properly. But like I said, what really throws me off this is the tone.
I don't like the mopy, brooding, overly serious tone in this. One of the things I liked about Spider-Man was that it wasn't overly serious. This trailer is trying so hard, you can hear it shitting its own pants from the effort. Have some damn fun with it. That's what's great about the Raimi films. Flawed as they were (and they did have their flaws), they were having fun. They also managed to have their serious moments without those moments consuming the entire tone of the films. And they weren't constantly hitting you over the head going "Take this seriously, damn it! We're doing Heavy Stuff!!!"
Dude, this is not Schindler's List, it's a movie about a guy in a flashy, red-white-and-blue costume who fights a guy in a giant robot-rhino suit. Brooding and angsty-serious is not the right tone for the source material.