I worked at the UK publisher of the Watchmen GN at the time and seem to remember that Alan and Dave had the right to approve any and all merchandise related to the book. Hence the proposed action figures not happening. Of course they can happen now because they are related to the movie.
Holy comment trail, woman! I gotta hang out with you more often (and lure some of your readers my way, of course!).I have to admit I'm not enough of a movie fan to have much input here. Books, sure. Movies? Notsomuch. I like you anyway, though.