I am getting really, really tired of people who simply cannot say "I don't like it because it's a change from what I know, and something that already worked well" making up reasons to hate this new ending. Simply say you like the squid ending better, and quit wasting time with these inane, half ass reasons not to like the new ending that show clearly that you haven't even THOUGHT about the new ending.
Exactly. Although actually, it still even makes sense on many of the levels Moore wrote relevance into. Framing Manhattan changes exactly this.
1. There is no giant squid or psychic attack. There is now a blue lightning attack.
2. The world bands together in fear of a watchman gone rogue...instead of in fear of an alien species from another dimension.
2. Manhattan is framed instead of...nothing.
3. Blake finds out what he does at Karnak, not the island. And he finds out for a decent reason, not because he "happened" to notice an island from the air.
Nothing else major is altered. None of the character interactions, or character motivations, or any of that...has changed. It's all relatively intact.