I was thinking about O.M.I.T  and it struck me. What if  Eddie was Mephisto .

I don't know if he's actually Mephisto himself, but he is obviously apart of his deal with Peter somehow since he's continuing to pop up. But that's a good theory and does make me wonder now.

" @War Killer: I think this will be the only logical reason on why spidey was KOed so easy when this guy fell on him. lol =] "

" Anyone noticed that there has been no explanation as to WHY HE LOST HIS TOTALLY AWESOME POWER UPGRADES? "

" @FadeToBlackBolt said:

" Anyone noticed that there has been no explanation as to WHY HE LOST HIS TOTALLY AWESOME POWER UPGRADES? "

I thought it was because he didn't lose them, just forgot that he had them? Idk really, maybe that will be explained in the next issue of O.M.I.T.? "

Re-read the first issue. When Eddie gets his handcuffs removed by that scary looking dude, the scary looking dude said something like "Your services may be required in future. We'll be in touch." 
 
Sooo, my theory is that the creepy dude was Mephisto and he's telling Eddie to do this stuff. Seeing as MJ told Mephisto not to get involved in Peter's life, it doesn't really make any sense for Mephisto to be Eddie, but rather the one pushing Eddie around the chess board.