As far as I can gather, the film makes more sense if you have read the comic. Being able to understand the little details and fill in some of the plot makes it just that much better imo. On the other hand I have heard complaints from fans of the comic about the places where you need to fill in the plot.
The comic was definitely depressing, but I enjoyed that. In every other superhero comic that has been translated into a movie has had the good guys win, the bad guys lose. What I love so much about The Watchmen is that you even in the end you don't know who is good, who is bad? Should peace prevail, and what are the sacrifices you need to make, what are the consequences to making that decision. I've read the comic several times and after seeing the movie I am still not sure where I stand.
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