The story starts with Spider-Man falling off the building he got pushed over by the Griffin in the previous issue. Spider-Man, as always is talking to himself, stating that it was beneath him to even be fighting the Griffin, much less be pushed over.
Just then, Spider-Woman, who is now mind controlled ( also in previous issue) comes after Spidey to kick his butt. In quite a cool fight scene, Spider-Man does get his butt kicked pretty bad. Obviously he is not really fighting back though.
Meanwhile, Spider-Man is still being beaten. Somewhere between the fight however Spider-Woman wakes up and is able to speak, but still cannot control her actions. From a distance, Spider-Woman is seen firing her beams at Spidey as he lies seemingly unconscious on the floor. As the two baddies come down to see, suddenly Spider-Woman is in control of herself and Spider-Man is up and able.
Regardless, the entire scene is really confusing to me. Together, the Spiders fight and web the bad guys up.
At the end of the issue, everyone meets back at base, including Nick Fury and gang. Obviously everyone is surprised to see Steve Rogers back from the dead. In the meeting hall, the television shows the Thor being taken down - in Siege # 1.
Just then Spider-Man comes in with the best scene in the comic. See below.
The final scene is similar to the scene in Siege #1, where Steve Rogers and the Avengers prepare a full on attack on Osborn.