I would hope so, he's literally the only one (both figure and character) that I'd be interested in getting a HT figure out of both ASM films so far.
I've seen folks making similar comparisons but honestly it never really crossed my mind, especially since ASM2's Electro felt like a huge mash-up of all the good things from other versions of the character (again, the bald and blue look from Ultimates comic, the biosuit/eel origin/tragic circumstance from Spectacular Spider-Man cartoon, and the floating energy-construct-body with a god-complex from the Spider-Man 2 PSX video game).
The time when Electro appeared to disintegrate, then reassembled himself (don't recall the exact scene) is when I was most reminded of Dr. Manhattan, as he did the same thing in Watchmen. That and both (movie) characters being bathed in an unearthly blue glow.