This story is largely a set-up to a few big moments, pushing Spider-Man into making a big decision. I don't know if it was a fair trade to get rid of an A-list villain for a clone son (earlier attempts to replace Kraven with sons never took either) but Kraven's arc does honor his story in Kraven's Last Hunt (obviously the most prominent of the Kraven stories) and Grim Hunt, which was controversial for bringing him back.
I liked a gag of Arcade worrying about Captain Marvel. It was set up halfway through the story to explain why Arcade wants to be very careful about the force field.
And then the payoff in the last issue.
The saga is slightly flawed, but there are some great moments. It's a fast read for twelve issues, and has some stuff that I'm uniquely interested in. Its's a decent Spider-Man story, although a better story for Black Cat, Black Ant, Lizard, Vulture and Gibbon- poor Gibbon.
Hunted Grade: A-