Paul and I saw The Matrix Revolutions yesterday. It was absolutely awful. We left feeling cheated. Why? Because so much was incoherent or simply left unexplained. Sure, the story did resolve in a superficial way, but not in a way that made sense.
Essential to the greatness of the original Matrix was its tightly integrated plot and ever purposeful characterization. The second Matrix lost some of that and the third abandoned it altogether.
What a waste of time. Ugh.