I thought it was pretty damn fantastic. Not perfect, but damn close.
SPOILERS AHEAD
Problems I had:
- The old age makeup for Sally Jupiter and Nixon
- The restructuring of the ending. I had no problem with the squid-to-Manhattan change, but the way everything happened in the room with the TVs instead of happening there, then in the pool room, then outside, then in Veidt's orrery took a lot of the gravity out of the situation. It was like the whole movie took its time to breathe, and then oh shit, we've only got 15 minutes to wrap this up, better condense things! Nite Owl never should have witnessed Rorschach's death, and Laurie should NOT have gotten Manhattan's "Nothing ever ends" line.
- Some of the non-original music (Ride of the Valkyries, Sounds of Silence and Halelujah mainly) just didn't work for me. Oh, and My Chemical Romance's "Desolation Row" was TERRIBLE, but thankfully confined to the end credits.
- The condensing of Rorschach's history into one psychiatric session.
- Making the Comedian's death into a drawn-out action sequence just didn't fit with his character at that point in the story.
- Carla Gugino's old-lady performance.
Things I loved:
- Rorschach's arrest sequence
- Anything with Rorschach in the prison
- Anything with Rorschach in general, really
- Dr. Manhattan's Mars scenes
- The Comedian's entire performance
- Patrick Wilson's Nite Owl pleasantly surprised me
- The title credit montage
- Billy Crudup as Dr. Manhattan
- The general streamlining of the story. While it did feel a little rushed, I'm sure the 3hr 10min director's cut will flesh things out
- The fact that 'Tales of the Black Freighter's' loss didn't detract from the movie
Overall, it gets an 7.5 or 8/10 from me, and that's the truncated theatrical cut. Can't wait to see the director's cut!