Or, instead of a pretty faithful feature-length film, it could have been optioned into the kind of toy-pimping cartoon I grew up watching.
In short, it was enjoyable and carried a pretty fair amount of the themes and events from the comic. Oh, and it had blue wangs all over it. Lots of blue wangs.
UPDATE: Slate has a few other ways this thing could have ended up mangled, depending on which directors could have gotten the job. The Judd Apatow one is dead on and hilarious.