I don’t want to talk too much about it, but Damon is thinking about it in a way exactly as you describe it.
For one, executives confirm any series wouldn’t take the form of a straightforward adaptation, but rather move Watchmen in a new direction.
LOST and Leftovers boss Damon Lindelof hasn’t formally confirmed his involvement with an HBO Watchmen, but the premium channel is more than happy to clarify a few details.
It makes sense of HBO to craft something new, rather than risk repeating Snyder’s film, so what corner of Watchmen is Lindelof best left to explore?