IESB has gotten what they say is an inside tip from a reliable source direction in which James Franco's character of Harry Osborn will go in the upcoming third "Spider-Man" movie. Here's a glimpse:

"All the assumptions that Harry Osborn is the third villain the Hobgoblin are all wrong. Spiderman finds himself out numbered in this one. When everything seems to be at its worst for our hero, he finds himself an unlikely ally, Harry Osborn. Peter Parker's best friend will come to his aide. We will see Harry battling his inner demons to make the choice between his father's legacy and his best friend".

Will he be Hobgoblin though? Check out the article for more.