Saw the theatrical cut again, since the director's cut isn't out on DVD, at least at Blockbuster. It hasn't gotten better since I saw it in the theatre--it's gotten worse. Snyder nails the visual look of the comic, but seems to miss the dramatic point of the book all the same. In one sense, this is good. Snyder makes the ending far better and more plausible than the book. But it still isn't plausible. With Doctor Manhattan leaving the Earth, the incentive for peace to be mantained isn't there. Certainly a man who is a God, or a man who is the smartest in the world should realize that they kill a lot of people over something that won't last long.
Most of the performances are terrible, which convinces me Snyder doesn't know how to work with actors. Haley's Rorschach is one note. All of the female performers are light weights (and the old age make-up on them is ineffective). Ozyman-what's his name is terrible, whoever the actor is. Nixon is a bad caricature (not even a good one).
I do want to finish reading the book completely through now, though.