Watchmen's amazingly directed. I've been teaching myself what cinematic direction was for over ten years, and film school has done nothing but validate what I've learned.
The question is, not "what does the film say?, it's "what does the camera say"?
^ For Nite Owl, everything.
But don't take my word for it.
Consider the words of the late, great Ebert who gave it a 4/4, Waid (who said it was as best as it could be) and yes, a true film fan, McWeeney (who absolutely loved it)
Add in the fact that Watchmen has a high IMDB score 7.6, a high metacritic user score 8.2, and tends to be listed consistently on the list of underrated comic movies.
Add in the fact that it's a high DVD seller for an R rated movie.
Or actually think for yourself and WATCH it. Don't demand Moore's original vision (that's what the book is for) but see if Snyder made a great story in its own right.
Honestly, I think I'd be a better director by watching Watchmen a dozen times, than by watching a lot of static, dialog-driven movies made nowadays.
/rant over