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I'm not sure what to think yet.
I liked 300 fine for what it was, but it's not something I'd ever make an effort to watch again. I don't know how Snyder's style will ultimately work with the ultra-grittiness that is Watchmen; it might be too slick, too shiny. But there were moments...the owl-ship...Rorschach speaking the famous words aloud...damn. It's really happening, isn't it?
EDIT: YouTube had to take it down, but it's up at io9 and a bunch of other places at the moment, and will be going live at Apple at midnight.