with some creative editing it might ;-)
because Moore wrote it that way - blaming Manhattan screws up several characters AND the whole story completely, and as long as that idiocy stays this movie will always be a 1/10 for me
even though the squid thing is possibly a weak point of the graphic novel, but any other solution would be an improvement to Snyder´s ending (even a simple insert saying "missing reel" or "missing CGI effect"!)