There is that way of looking at it. Then there's also the thought that, removing the protagonist for large chunks of the film isn't very productive. There were plenty of people that were pissed about the lack of Batman in a Batman movie.
Some of the arguments against the ASM franchise is about the lack of Spider-Man action Imagine the audience reaction when that's limited even more. If they adapted KLH in a manner where it's not a direct lift from the book and had elements to it. then why not I'd be interested in that. but not if it requires Peter being in a box for a significant amount of time.