OZYMANDIAS
I simply CANNOT believe how perfect these designs are. Even Ozy, the farthest depature from the book remains essentuially faithful and effective (in portraying his character and attributes), but going further it also plays on the standard superhero tropes that normal audiences are accustomed to. Which is what Watchmen is basically all about; turning the meaning of a 'superhero' on its head. The cape, muscle suit, underwear, emblem - it's all looks SAFE and standard, except in this case we'll come to find out he's actually a 'villain' with a morally ambigious plot

:.
It's interesting because they could have gone all-out Egyptian style for Ozy by emphasising the 'pharaoah' or antiquity elements of his costume... which is truthfully what i expected...and this would've been more superficially accurate to his original design than what we've ended up with. However by choosing to emphasise the 'superhero' symbolism Synder & Co have demonstrated a deeper understanding what the book is about- they're beyond being confined to an original visualisation, a visualistion that was intended for a different medium and a vastly different audience.
SILK SPECTRE
Sally Jupiiter is a perfect compromise of modern cinema fashion and costume funtionailty with the spirit of her original character design. She looks sexy, risque and only slighty 'humiliating' as Sally often complains in the book. My only quibble is she doesn't look that 1980's at all - which I thought would be kinda fun, using the fashion from the time to humorous effect. She may be too much Kill Bill instead of ....um, A-Team. *tries to think of an iconic 80's action heroine and fails*
NITE-OWL
Overall I'm genuinely amazed at how the Watchmen costumes are turning out. FAR BEYOND expectations, and for Nite-Owl in particular! I really thought they could screw him up the most - if anyone it would be poor ol Dan Dreiberg that's hardest to visualise for film. But no...he looks scary, techy AND YET slightly goofy at the same time. as well as believalbe and not too mention 100% comic accurate, that's always nice

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I couldn't have asked for better designs... now bring on Dr. Manhattens wang. I want the wrinkles thickness and glow to be
just right!"
These costumes are absolutely hideous. ..... bastardized the characters visually in the process too.
I can usually sympathise with oppossing viewpoints but I'm genuinly at a loss to understand what exactly you're talking about here. What is bastardised? How are they different from the spirit of the characters? Who is the most hideous? I hope you don't say The Comedian because he, of all of them is both 110% faithful and yet competely badarse looking. A rare example of an original 2D design translating into tangible real life without becoming stupid or cheesy. The only other example of this is Spidermans costume I suspect.