Let me explain this....Spoilers SO BEWARE!

Rating: 1/10 (15 May 2003)

I am hard pressed to think of another movie that is more exposition than story.
(For the uninformed, Exposition is the term in movie land for the part of the script that outlines the plot to the audience.)
It feels like every ten minutes that someone comes along and gives some sort of speech to explain the plot. Exposition should be the smallest part of the story, yet in RELOADED it is the movie. Yes, Yes I'm sure most of what went on will tie into part 3 but the problem is that this has to be a movie unto itself, not just a piece of tape connecting the first and third movies. The only real story happens in the last twenty minutes. Too boot, with Neo's new powers you never feel any sense of danger toward the characters since he can just resurrect them.
Another problem is the scene with the Architect. In UNIX, everything is made as small as possible, since there are so many parts to the operating system - compact simplicity. For a computer, the Architect gives explanations that are far too long winded. He speaks like a New York lawyer or more like Yoda on Demorol than a computer, I don't buy it (Unless he and Councillor Hamann are in cahoots, they have similar philosophies and look alike).
Tired action. The action scenes left much to be desired. Unlike the first movie that utilized a complex rig of high-speed cameras to deal with bullet time, RELOADED instead opts for all CG actor shots. I can accept it for the HULK but here, I don't buy it. It looks fake, and its not interesting anymore. The camera work in the fighting scenes was poor in the sense that you never feel the urgency of the action - you never feel a part of it. To put insult to injury, all the big action pieces were on the trailer. To clear up the myth that there is something new that will be like bullet time was to the first movie. There isn't anything new to me.
Good stuff? Trinity has an awesome scene with Persephone - real big laugh. We needed more characters like Persephone. The second movie in a trilogy is where you get to know characters, not where you introduce them all. Morpheus has an awesome scene where he takes down the "Twins" truck with a samurai sword. And Agent Smith has become more interesting than any of the good guys, "Me, Me, Me"
In the end I will need to wait awhile and cool of, before I see it again. I had high hopes for this one. I was a victim of the incessant media buzz and promotion that builds up a movie to a level it can never attain.
My advice is to avoid all the buzz and see this with a clear mind. I saw this with a group of 6 people and we all seemed to agree the movie was full of problems. I don't hate this movie but I certainly didn't enjoy it very much. I feel bad about it too, because I remember how much I loved the first movie.