Motto, and I would even say less so, seeing as how Mystique was outright sexualized (directer framing her butt in the camera, etc) while Dr.Manhattan's crotch got in the frame whenever the overall shot seemed to look good. I think it says more about our society's hangups than the director's obsession with blue junk, really.
(Oh man, those teenage girls I heard in the bathroom after the movie..."I SAW HIS PENIS! I SAW HIS PENIS SO MANY TIMES!!!!")