Will Watchmen 2 Happen?

There’s been a heap of buzz about DC doing a prequel to Watchmen, with mixed reactions. Bleeding Cool thinks it’s happening. Dave Gibbons has been attached to the project, which surprises me, because even though he hasn’t been quite as outspoken as Alan Moore, he certainly has expressed a desire for the original 12 issue series to remain untarnished. The trouble is DC smells money, and a bit of extra cash never goes astray in the struggling industry. Is nothing sacred?