Um...no.
1. It's a FIRST DRAFT!!!!! I'm amazed at how many people dismiss that script despite it being first draft when it's painfully obvious that if Hensleigh stayed on, things in the script would have been changed anyway. That's what scripts go through.
2. Your reading comprehension must be severely lacking. There is no woman who falls in love with Castle. She's out to arrest him, believing his actions to be wrong, until she finds that only he can do what he does, and why he's necessary.
3. What do you mean there is only Frank Castle and no Punisher? He gets himself arrested so he can kill a pedophile! He travels to Texas to kill a murderer. He punishes people. What the hell are you talking about?
4. What do you mean it's not Jigsaw? Jigsaw in Hensleigh's script is a serious psychopath.
5. I'll give you the argument with The Holy. But it still worked.
I don't get some of the people on here. War Zone was insanely violent with a guy with a skull on his shirt and people call it everything a Punisher film should be. And i wonder if these people have read any Punisher stories NOT written by Garth Ennis, because it seems most haven't. Ennis's "MAX" stories, while heavily violent still have a dark, serious tone to it. I dont laugh my ass off when he blows a guy's head off, because that's not how it's presented.
As S. Grundy said, just because it's faithful doesn't make it good. It's how it's presented. I could take The Punisher and turn it into a laugh out loud comedy, if i wanted to. You can take the MAX stories and present them in a serious manner that is still a hard R, but doesn't get over the top and stupid. All it takes is someone who isn't an incompetent moron to do so. Hensleigh presented it great. The dude who did the Lundgren version presented it seriously. Lexi presented it as an over the top camp fest. Hensleigh managed to keep it serious, and if given the chance, his sequel would have been even truer in tone to the character. And if anyone bothered paying attention, at the end of The Punisher(04), he IS the Punisher. Not Frank Castle: Man out for blood. And in the sequel he would have been full on, detached from the world PUNISHER. That's what you get with origin stories like this character. So i don't get why people complain that he wasn't the Punisher in the 2004 film. It's about how he becomes the Punisher, and in the end, he does so. Just like in the comics.