I'll interject, three things by JMS: Midnight Nation, Rising Stars ,and Supreme Power/Squadron Supreme (unfortunately he didn't finish this).
I read and enjoyed Rising Stars, but I wouldn't put it Watchman's league. I remember something recent-ish (2003-2004) that I liked a lot: Darwyn Cooke's
The New Frontier which reminded me of a cross between Paul Dini's excellent animated DC stuff and a much less bleak
Watchmen.
I suppose Jeff Smith's Bone is a bit old to qualify for today (and has nary a super hero in it), but it's my favorite comic ever.
Bone has been on my to-read list for years, along withe the first few phone books worth of Sim's
Cerebus the Aadvark.
To tell the truth most of what I've read over the past 5 years has been junk. There's pretty art, but terrible storytelling with no real flow and jerky jumps from frame to frame.
The thing I've noticed w/contemporary comics is individual panels might look nice (if often too busy), but the visual storytelling is awful, if not absent entirely.
The only exception to this I've seen is Terry Moore's work. His recently-concluded
Echo is wonderful, and a wonderful reminder that comics should also tell/move their stories
through their art.
Well, if what made Watchmen such a great comic has become the norm, I'd definitely like to read one of these more recent masterpieces. I guess it should be easy to make recommendations?
I'd like to see them, too.
Myself, I read Watchmen the first time in 1995 and I've yet to find another comic that is equally good.
Personally, I think Moore's own
Marvelman/Miracleman run beats
Watchmen (by a hair), but I'm with you that it's a high water mark for comics as a whole. I totally disagree w/the notion
Watchmen is somehow dated, or only interesting by virtue of being an early example of a revisionist superhero tale. Dr. Manhattan on Mars is still one of the most beautiful scenes in all of science fiction, and a fine argument --as if this still needs to be argued-- for the use of SF/F modes in "serious" literature.