Saw it with a mate.
Terrible.
The thing is, I'm not sure if the movie is bad or that it simply made me realise how terrible the comic was (changes aside, I came home and flipped through the book and yep, it's almost verbatim) or both.
If it wasn't obvious before that Moore hates women then this movie beats you in the face with it, Snyder obviously being on the same page (ha!) as Moore in regards to misogyny.
What bothered me most was the sheer amount of contradictions (character motivations, the strawman riddled plot) and the ill-defined message the movie was trying to communicate. It didn't help that the soul-crushingly destroying pessimism and nihilism made it hard to empathise or just give a fuck about anyone or the world Moore/Snyder conceived of.
The director's cut may smooth over a few bumps but I doubt the fundamentals will change much.
As for the rest, well, the acting was fairly wooden and disconnected for the most part (which is what happens when you cast people based on their similarities to the characters they're based on and not acting ability, although The Comedian was always enjoyable to watch when he was on screen) and most of the music choices were poorly chosen and incongruous. Visually the movie looked good but failed to capture Gibbon's solid, vivid imagery and Jesus on a pogo-stick, I wish Snyder had a setting between gratuitous slo-mo and blink-and-you'll-miss-it quick cuts.
Ah, well, it was still better than The Dark Knight.