I was going to post the same thing. I'm trying to think of a Comic Book movie that honed closer to the source material then Watchmen. While I like a few other comic book movies more, it's up there with the all the good ones.
I still need to see the Director's Cut. I really enjoyed this film although I only rewatched it once. While it lacked the literary depth and subtlety of the original story, I thought it did a wonderful job of translating the actual plot and characters to the screen.