I rewatched the first one not that long ago, so I'm just picking up here.
Starts again with not-actually-Trinity doing more action than the entirety of Matrix 4. But then slows to a dead crawl of politics, religion, and hobos in steam tunnels. Little bit of Carrie-Anne's titties. Racial representation of Earth is so much better than 4, which is a sterilized honkie city mostly. I don't think we even ever see a crowd in the "real world" in 4, just a long CGI matte shot.
Oracle's uncharacteristically literal. Then assigns a mission to find the Keymaker, Gozer, whatever. Everyone in Zion except Morpheus' antagonist just sits around waiting for Neo to save them. Everyone/thing outside Zion is an obstacle for no good reasons.
The replicating Smith makes for a good fight, but it's cartoony. But the rest of the fights and car chases make up for that; this is an actual good action flick. Dumb as hell, but the action's fine.
The Architect's pompous, fake-intellectual, repetitive, zero-content phrasing, and the white-haired cult leader look, is exactly like Dr Breen in Half-Life 2; the first appearance of Breen predates M2, but the full version was a year later, coincidence or parody which way? Bob Culp's better at it than "Helmut".
I appreciate that it ends on a down note, their attempt at Empire Strikes Back, but the entire film was pointless, put them back exactly where they were at the end of the first movie.
★★½☆☆
Staring at the Matrix rain which is much less overproduced here than in 4, I think my Matriculated Rain for Atari is now dialed in as close as I can get without making a custom charset for ANTIC mode 4. Pondering doing that anyway.