It's still hard for me to believe that this is real, but someone got a look at the designs for Julie Taymor's upcoming Spider-Man Broadway musical and wrote about it on her livejournal (via The Beat). She also heard some of the songs from Bono and The Edge's score, which she describes as "undeniably U2 in the very best way." I'm not really sure what that means, but as long as Peter Parker's not walking down the street looking emo and doing pelvic thrusts, I'm cool with it. Personally though, I always thought of Spider-Man was more Weezer than U2, but they're probably not as Broadway-friendly.
There are so many ways this can go wrong, with things like the "Geek" Chorus and Arachne (which reminds me a little too much of the JMS run on Amazing and his spider totems), but I can't help but look forward to it. At the very least, Taymor's involvement ensures that it's going to look incredible, and should be worth seeing for the sets alone. It is, however, very likely that the story will suck.
Of course, the important thing is that the Spider-Man musical is better than this and this.