I've yet to see Watchmen: The Director's Cut because I was holding out for this four-disc version, with the Tales Of The Black Freighter storyline incorporated, along with the news vendor footage. The US Blu-ray arrives on November 3, although I have no idea when it will be released in the UK, since we haven't even got Zack Synder's Director's Cut on DVD yet.
Disc 1: Watchmen: The Ultimate Cut • Audio Commentary with Snyder and Dave Gibbons
Disc 2: The Phenomenon: The Comic that Changed Comics • Real Super Heroes, Real Vigilantes • Mechanics: Technologies of a Fantastic World • Watchmen: Video Journals • My Chemical Romance Desolation Row • Under The Hood • Story Within A Story: The Books of Watchmen
Disc 3: Digital Copy of the Theatrical Version
Disc 4: Watchmen: The Complete Motion Comics • BD-Live