HOLY SHIT, THIS IS GOING TO BE GOOD
http://www.empireonline.com/video/watchmen/
EDIT: Rorschach!!!
EDIT 2: It looks like they are still using parts of David Hayter's(Solid Snake) script. The biggest change is that Hayter's script took place in a modern setting, but they scaled it back to original timeline. I think it's a good thing.
EDIT 3: And why that's a good thing is because Alan Moore personally said it was the best possible adaptation and exactly how he would do it(despite him hating the idea of a movie altogether.)