Wow, that's... Dumb.
Unnecessary link to Peter's parents? Check. (I'm not a fan of bringing weirdness into character's relatives' backstory unless it's absolutely necessary; I can never get past the sheer coindicence of it all.)
Compaction of what could have been a long-term plot-point and character development into the smallest span of time possible? Check.
Was there at least some long-standing grudge between Eddie and Peter, or did they ditch that, too?
I don't understand the whole Ultimates thing. I admit I haven't read them in detail, but everything I've picked up and flipped through, and everything I've heard, is just far less interesting than the original versions of the characters. :\
Appreciate the response, though.