Instead of being killed in the cold Antarctic by Dr. Manhattan, Rorschach finds himself rematerialized in a strange new, pony filled world. He finds himself drawn into the lives of the ponies of Ponyville but some ponies fear that this sociopath will bring danger and darkness to an otherwise peaceful existence. Will the mane 6 help Walter Kovac find peace within himself or will he bring them all down with him in his cold views of reality and existence?

As Seen on Equestria Daily!
And our TvTropes page (By Crowrob0t): http://tvtropes.org/pmwiki/pmwiki.php/Fanfic/RorschachInEquestria

My Little Pony: Friendship is Magic and its likeness is owned by Hasbro Studios. Rorschach and Watchmen are owned by DC comics. All rights go to their normal original, intended owners.

When one of Fluttershy's dear animal companions wanders into the Everfree, she sets out to bring him home safely - but what she finds at the center of the forest is something she didn't expect, and something that ushers in a change to her world that makes each day darker than the last.

Twilight has discovered a strange old book purportedly written by Star Swirl the Bearded, and Rainbow Dash discovers a latent spell in it that transports the two ponies to a strange island in the middle of nowhere. With no viable options available to them, Twilight and Rainbow begin to search the island for clues to a way home and the reason behind the odd puzzles and contraptions presented to them.

Dramatic Reading here.