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It's an interesting time for DC Entertainment to be releasing the film.
The story pitted Superman against a rough analog for The Authority, a team book from DC's acquired Wildstorm line. The Authority had become popular circa 1999 thanks to what some at the time called a "realistic" approach to superheroes - as in that fact that in the Wildstorm U, protagonists didn't catch bad buys and take them to jail or Arkham Asylum, they tended to deal with them with a tremendous bit of finality that became the hallmark of the line.
I read the first couple of trades of The Authority, and toward mid-2001, I recall losing my taste for the series. The fascistic undertones of the book had always sat sort of oddly with me as a reader, but I assumed the writers were trying to make a point about power in a world where power was out of control. However, after it became clear that... no... the writers are just writing the most over-the-top stories they can think of, and are going to treat death tolls in the 10's of thousands casually, I simply lost interest.
2001 was, I might add, five years after Kingdom Come, the miniseries that, like Dark Knight Returns, seemed to have a serious impact on the DCU as a whole. Waid and Ross's Kingdom Come was a brilliant collaboration, summing up the state of the superhero comics industry at the time, but also working as a larger commentary upon the endgame of extremism, that in the end you're left with madness, and sooner or later something will come along that nobody wants to see happen in an attempt to quell the day-to-day madness.
I still think Warren Ellis was trying to make a point with The Authority about how very human we are and that power doesn't change necessarily change that, even as we try to make decisions or use what we have to do good by others. And on a planetary scale, the effects can be devastating. I'm not sure the audience went along for that that particular ride, but they certainly seemed to like that "Apollo and The Midnighter" (a Superman and Batman analog) kicked ass!*