Well, if there is a comic book series "Just Imagine Stan Lee..." where he re-imagined the heroes of DC universe (my favorite was Batman the Wrestler), I can't imagine what he could to to Watchmen characters.
I agree. Watchmen are over. I don't want to see it turning into a mainstream comic book. I don't want to see Doctor Manhattan fighting for the universe with his alternate selves. I don't want to see clones of Rorschach with machine guns and grenades, I don't want to see Sally Jupiter rejuvenated to take back her mantle because Laurie is pregnant again, I don't want to see Ozymandius trying to outsmart aliens or Nite Owl III in armored exoskeleton fighting the Children of the Squid.
I don't understand people who keep talking about moving back to X-Mansion. Isn't repeating the same mistake and expecting different result a definition of insanity? I mean, how many times that place was blown up? In the world where mutants are endangered species living in the fortress makes more sense than being sitting ducks in the mansion.