This ending is so good because you still got people debating whether Ned actually remembers Peter or he just put two and two together and that this is the Peter that MJ mentioned who is Spider-Man.
Me personally, I think it’s Ned putting two and two together and it still keeps the consequences of NWH, but I also think after the Jean Grey attack, something might have slipped through for both him and MJ (Ned is the handshake, MJ is the necklace).
The final scene in Spider-Man: Brand New Day (2026)