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.
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.