The latest issue of Entertainment Weekly (with Aeon Flux hottie Charlize Theron on the cover) has a large article explaining the history of DC Comics' iconoclastic Watchmen maxi-series and its influence on so much of popular culture including Buffy, Lost and the Incredibles.
The article includes interviews with co-creators Alan Moore and David Gibbons but doesn't give any more developments in the ongoing efforts to adapt the comic for the big screen.