That's just silly, the movie was basically the same, except the ending wasn't a stupid psychic squid monster.
I feel like this is the sort of thing that comic fanboys are going to hate the idea of and nobody else will care about, therefore, doomed to failure. The people who liked the godawful film might enjoy the new comics, as it had nothing to do with Moore's work.
Nope, it wasn't. It looked like the comic, but that was it. It turned the whole concept of Watchmen upside down. It made the protagonists cool. The essence of how the whole concept was ruined can be summed up the way Rorschach gets apprehended. In the comic, he jumps out of the window, falls into a trashcan and that's it. In the movie, he lands on his feet and fights at least a dozen policemen in slo-mo.
Zack Snyder, that talentless hack didn't realise that these "heroes" are not cool and are not meant to be cool. They are failures. A fascist, a pot-bellied loser, a psychopath, a floozy and a god who just doesn't give a shit anymore. It's a deconstruction of the idea of the superhero and it doesn't work with actual superheroes.
Then take away most of the Cold War politics and add totally out-of place, but cool-sounding sixties songs and voilá, you just had surprise buttsecks with the greatest comic ever written.
And the squid. The squid makes perfect sense, much more than an explosion. Russians can cause explosions, Russians can influence Manhattan. No-one would have the batshit crazy idea to create a giant space squid. It is so moronic, that if you pull it off, no-one would think that it wasn't real.