The first Matrix movie was revolutionary at the time. In retrospect, almost frustratingly so(I'm sure we're all tired of directors trying to impress us with bullet speed special effects). However, I enjoyed it. It was good science fiction, and the premise was interesting.
Now, in the second Matrix, it was painfully obvious that the directors were thinking throughout the entire process "man, in the first movie, they liked it when we did this. So lets do it A LOT!" However, despite a weak first hour, and a lackluster ending, it still eeked out an hour of entertainment (especially the incredible car chase scene).
And here, the last arrives, and it is not a good thing. They stopped trying to hide the fact that they were ripping off the first two movies. You see Neo fight Smith, start losing, get kicked into a wall, dramatic music plays, Smith looks triumphant. Neo gets up, Smith looks startled, Neo brushes himself on, and does a kung fu move to say "bring it on".
That doesn't sound familiar AT ALL, does it?
I was almost chuckling at the absurdity of it. It looked like they were trying to duplicate the lobby scene of the first film, only have it with programs who walk ON THE CEILING! The movie tries, and fails to be cerebral. The first film kept it more down to earth, and later on, it tried adding the mystical aspects to the approach, and it fails. And the ending is frustrating in itsself, only serving to remind those of us who didn't pick it up that Neo is supposed to be a Christ-figure.
I won't get started on the acting... basically, this film loses all acting, plot, or originality that the first had, and the second had to a lesser extent. This is the lowest wrung of a series which got worse at each attempt. I'm not giving it 1 star just because there are a few action scenes and plot points that aren't COMPLETELY contrived. But not many. I can't recommend this film.