I first read it when I was 12, when I received it with a bunch of other comics from a family friend. At the time, I was just getting into the world of comics and had no concept of subtlety, overreaching themes or even decent narrative. I read it in it's entirety but did not enjoy it because the artwork wasn't very outlandish (I was a big Todd McFarlane fan) and "nobody had superpowers except the blue guy." Inside of a week, I had put it aside in favor of a stack of War Machine back-issues.
Last year, I reread it along with V for Vendetta at the request of my friend, who insisted I was missing out. How right he was. By then, I was able to understand the nuances of the story, and the subtle beauty of the art. Rorschach's quiet intensity and troubled past were now compelling, Nite Owl II's sexual frustration and bout with inadequacy as exciting as any War Machine book. To this day, Ozymandias remains one of my all time favorite villains, if he could indeed be called such.
So that's my story. Didn't mean to ramble. Here's hoping the movie doesn't suck, eh? Already starting to nitpick, though. In the latest trailer, Rorschach refers to the Mask Killer targeting members of "The Watchmen." I'm pretty sure the name is supposed to be "The Crimebusters."