Looks like what you've got. There are a couple tests you can use, tapping the branch over a sheet of paper and then rubbing any specks with a fingertip to see if they smear red. Misting the branches with a fine sprayer to look for webs, but if you look for the Spruce Spider Mite on this page, the description seems to match your damage!
http://ohioline.osu.edu/hyg-fact/2000/2012.html
There's a photo here that looks scarily similar:
http://www.uidaho.edu/so-id/entomol...te%20damage.jpg
I started a new page on
Spider mites, linking together some of what I found
Regards,
Matt