Watched Ultimate Cut of Watchmen. If you haven't seen it, it takes the directors cut and splices in the "Tales of the Black Freighter" comic into the scenes with the kid reading it. Gerard Butler does the voice of the Capt.
Clocks in at about 3.30 hours of run time. Bitch is loooong. Early on, it seems to not belong in the movie. As it goes on and you see Adrian's plan unfolding and you get the connection that the Capt's path is Adrian's path it fits better.
If you like Watchmen, and haven't seen it spliced in, it's worth a watch. Not sure it's worth the extra runtime for a rewatch though. 8.5/10