I really, really disliked it. I loved the first one. If they had used an unknown actor other than Keanu Reeves for Neo, the first Matrix would be up there with Blade Runner in my all-time favorites. Even still, it was fantastic and ground-breaking.
The Matrix Reloaded left me feeling angry and insulted. I was so upset I wrote a rant about it the next day for my friends. I posted it below. Lol...I guess I didn't like it...

Enjoy.
*****
Saw Matrix Reloaded over the weekend. It's in my Top 5 Worst Movies Ever list. Right up there with "Over the Top", the arm-wrestling movie with Sly Stallone in it.
The plot line was more twisted than the road to Tremblant and had just as many potholes. The fight scenes were overdone to the point of absurdity. The characters were completely annoying, snobbish, arrogant and whiny. Attributes I generally enjoy in characters but in this movie they ached and throbbed like a bad toothache.
Tops on the list of annoying characters was that French dude who held the keymaker prisoner. Him and his bad French accent can go wipe their snobby butts with silk. Arrogance and bad lines go together like oil and water. And what was with that pathetic "orgasm program" thing? That's what happens when geeks make movies. They haven't had sex in years, if ever, so they figure a simulated orgasm program is funny. "Hey let's make the uber-geek write a program that will make this hot-looking female program have a simluated orgasm!" That was possibly one of the worst scenes I have ever witnessed and usually I go for anything sexual in movies. In this case, I simply feel bad for every woman forced to watch that scene.
And what about the ten-minute long "Electric Circus" inspired rave scene from Mobeus' speech? How hard was that to watch? If I hadn't been with friends, I would have walked out of this movie at that point. All they needed to add to that scene would be glow-sticks, stuffed animal rave hats and a Much Music VJ or two.
And did you enjoy the Cadillac commercials? Is every new action movie from Hollywood now simply a car commercial? Did you notice how the other vehicle chasing them was a Cadillac Escalade as well? Why not get rid of the thin veil of subtlety completely? May as well have an entire freeway of Cadillacs! Just put a cadillac in every scene! The Oracle should have been cruising in one. "Hey Neo, like my new Oracle-mobile? It's a 300 HP+ Caddy!" I don't even get the marketing behind this one. It was insulting to anyone over the age of 14 and yet how many 14 year olds can afford a Cadillac? Their target market has to be in the 30+ year range and those are the ones they are insulting with this crap!?!?
And what about that speech to Neo from the Architect guy? That sounded like one of my fookin' Physics 101 lectures! Ergo, forthwith, thus, therefore and notwithstanding, etc. That speech was filled with big words for big words sake, ergo it was boring to listen to. The character delivering it had an "I'm so smart - S-M-R-T" look on his annoying face the whole time, ergo it was annoying to watch. It was written by a big geek for other geeks to listen to, ergo it was geeky. Ergo and henceforth it was a ****e scene. Yet another horrible scene in a movie full of fight scenes interspersed with other horrible scenes.
And then suddenly the movie just ends. Like they realised they suddenly had over 2.5 hours of crap and decided to save the last 2 hours for an obvious sequel.
Hollywood sux. No, I won't be seeing the next one. Matrix Looped or Rebooted or whatever the fook they call it.