Damon Lindelof and HBO's Watchmen TV series remains shrouded in secrecy and while it's thought that it will serve as a sequel of sorts to the original Alan Moore/Dave Gibbons graphic novel, the signs are pointing to it being a totally new story set in the same world which deals with the aftermath of Dr. Manhattan's actions.
Now, a set photo has surfaced which shows a bus adorned with an advertisement for a series titled American Hero Story: Minutemen. This is clearly some sort of documentary series about the original superhero team and it could be a sign that heroes are now regarded a little better than when the Watchmen were around.
It's highly unlikely that Hooded Justice himself will make a physical appearance in the series because he was gunned down (possibly by The Comedian) years before the Watchmen formed. A homosexual, he pretended to be in love with Silk Spectre to cover that up and this is something this in-show series would presumably cover.
Who knows, perhaps like Tales of the Black Lagoon, this documentary series will play out through each series. For now, we're all just going to have to wait and see...