I'd agree, but to me, it actually did what the Ultimate Universe was partially meant to do - Create something different. The characters might be recognisable, but you could change them and make them tick differently, and that was what I found exciting. Bendis did the best job of this with characters like Gwen and Dazzler.

So I never really took issue with making Otto a low-rent Magneto. For starters, we never really knew that he was 'low-rent' - The guy could repeatedly summon his original tentacles from miles away, after all. I got the feeling he was a lot more powerful than was let on, but he just had a predilection for using the 'robotic' arms, really.