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Zack Snyder (director of 300) used the comic as his storyboard and even brought Dave Gibbons in to assist with artwork. While we all know there isn't a chance in hell of this happening, Mr. Snyder has said that his ultimate goal is to make a film that Alan Moore will watch and thing represents the comic.
Is there a chance this movie will fail, and horribly so? Of course. I'm not going to be that jackass who doesn't give it a chance though. Watchmen is one of my all time favorite works of fiction (not just comic), and I will be very disappointed if it sucks, but if it doesn't then it will introduce that many more people to the ideas and world of Watchmen, something which I think is a good thing.