It was really long, though - I think if I didn't know just how much material there was too cover, and was enjoying seeing everything come to life, I would have been pretty frustrated with how long things were taking to develop.
Things they took out that I did miss:
> That Silhouette's homosexuality was driven home, but Hooded Justice's was only very passingly hinted it "Hey lets show some girls kissing right at the start, that'll keep 'em watching"
> Many of the plot threads that were carefully built in book didn't have time to develop, so felt a bit unnatural - especially Laurie discovering who her father is. It's so un-developed that Jon has to announce it to make sure we understand.
> Two of Ozy's crowning moments at the end. His "I did it 35 minutes ago" was underplayed, and I was basically waiting the whole movie for the line. Also, I really loved his jubilation when he realised his plan was actually working. In the movie, he knew it would work all along.
Blood 'n guts etc
My Verdict: Excellent Adaptation, too much to fit in to a movie - would have worked better as a mini-series. ALAN MOORE WAS RIGHT! (but for the wrong reason)