The Watchmen is an iconic graphic novel. The bandaged hero isn't really bandaged. I suppose it's a Rorschach, but I didn't play the game. I think only an in-depth RPG would be able to show what The Watchmen are about truly.
This is one of the iconic Rorschach scenes when he's not masked:
It's Alan Moore's graphic novel, brilliant, but eccentric author - I guess all the great authors are eccentric. Almost all of his graphic novels had good movie adaptations, but he wasn't happy with any of them - The Watchmen, From Hell, V For Vendetta...